LONDON (AP) — The English Premier League has taken another step toward introducing a spending cap. At a shareholders’ meeting in London on Monday, the top-flight teams voted to progress to the final stage of a legal and economic analysis of the “anchoring” principle. That system would limit — or anchor — the spending by all clubs to a multiple of the combined prize money and cash from TV rights earned by the last-placed team in the league. As a consequence, it would reduce the potential spending power of the clubs with the biggest revenues and richest owners, helping to increase the competitiveness of the league. Clubs might get the opportunity to vote at the league’s annual general meeting in June on whether to adopt the spending cap, depending on the progress made in finalizing a proposal. There was no official announcement by the Premier League on the matter. |
Polish and Lithuanian leaders oversee military drills along their shared borderA Turkish court sentences a Syrian woman to life in prison for a bombing in Istanbul in 2022Students resume proColts snap record streak of 14 straight offensive players taken in NFL draft with UCLA DE LatuBecky G dazzles in abA look at past and future cases Harvey Weinstein has faced as his New York conviction is thrown outCandice Swanepoel and Kate Upton show off their long legs as they pose up a storm on Segways in highMark Wahlberg, 52, flaunts his muscles in shirtless video flexing during 4am workoutChelsea receive welcome boost as Cole Palmer trains with his teamMan admits to being gunman who carjacked woman in case involving drugs and money, affidavit says