Current location:International Imagery news portal > sport
English Premier League takes another step toward introducing a spending cap
International Imagery news portal2024-05-21 09:07:00【sport】3People have gathered around
IntroductionLONDON (AP) — The English Premier League has taken another step toward introducing a spending cap.At
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.
Address of this article:http://ghana.antjekoch.com/content-60d499527.html
Very good!(8797)
Related articles
- Candice Swanepoel stuns in a form
- China's local virus cases down
- No sanctions on China over Hong Kong: PM
- Roberto Cavalli: Italian fashion designer dies aged 83
- Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
- Former army officer jailed after raping Wellington sex worker
- Immigration solutions unclear, consultation needed
- Health Minister Shane Reti offers cursory response over smokefree protest
- Ricky Stenhouse punching Kyle Busch could lead to suspension
- Weather expected to worsen in NSW, Queensland
Popular articles
Recommended
OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
Chinese troops deployed in 'significant numbers' amid border tensions with India
Live export ban petition passes 20,000 signatures, organiser wants five times that
Person in hospital after Dunedin house fire
The unstoppable duo of Emma Stone and Yorgos Lanthimos
Coronavirus update: Italy to get aid from Germany, Spain's death rate passes China's
Luxon defends decision not to attend nationwide hui
Luxon defends decision not to attend nationwide hui
Links
- Prompt admission of Palestine into UN is a move to rectify historical injustice: Chinese FM
- Iran reiterates commitment to IAEA cooperation
- Asian American Literature Festival that was canceled by the Smithsonian in 2023 to be revived
- Experts urge stronger support for biodiversity conservation
- CONCACAF Champions Cup final moved to June 1 to avoid conflict with Mexican elections
- Emerging trends for upcoming May Day holiday
- Country makes solar affordable worldwide
- Maryland officials release timeline, cost estimate, for rebuilding bridge
- Chinese vice president meets Argentine foreign minister
- 6 new plant species discovered in China's Guangxi