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.
Georgia Republicans choose Amy Kremer, organizer of pro
Beyonce added to French dictionary with publication listing her as 'American singer of R&B and pop'
Arizona is boosting efforts to protect people from the extreme heat after hundreds died last summer
French sports minister calls for sanctions after Monaco player tapes over anti
Bradley Cooper the doting dad holds hands with daughter Lea De Seine, seven
Shameless taxi driver who boasted to his passengers about being pulled over for speeding
What DO cicadas do? Everything you need to know about sex
A warrant for Netanyahu’s arrest was requested. But no decision was made about whether to issue it
Afghanistan's only female diplomat resigns in India after gold smuggling allegations
Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
Why Pret's £4.50 cheddar baguette made me swear never to buy anything from the chain again