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. |
Voting technology company settles lawsuit against farPortland makes coaching move following the Thorns' poor startThe Dallas Stars can still score. They are now deeper and more balanced going into the NHL playoffs'The millionZach Werenski scores twice as Blue Jackets beat playoffHow major US stock indexes fared Tuesday, 4/16/2024Mets rally in 7th and score the goA former youth detention center resident testifies about 'hit squad' attackHow major US stock indexes fared Tuesday, 4/16/2024Outfielder Tommy Pham finalizes minor league deal with slumping White Sox