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. |
From amazing food to swanky hotels and electrifying sportFather of boy accused of stabbing 2 Sydney clerics saw no signs of extremism, Muslim leader saysColumbia University president to testify in Congress on college conflicts over IsraelMadonna, 65, flashes her cleavage while leaning over a Bible with a man next to her as she covers ReCommentary: Resilience, potential, fundamentals of Chinese economy remain soundLegislation would give tax credits to companies that help workers afford childcareWisconsin Supreme Court to hear arguments in Democratic governor's suit against GOPSolomon Islanders cast votes in an election that will shape relations with ChinaGuerrero has 2 RBIs as Blue Jays win 5The chemicals in your garage that may raise risk of incurable muscle