sports

Premier League agrees to new ‘anchor’ salary cap rules to revolutionize football’s financial rules… as revealed by top three clubs who voted against – and another who abstained –

  • The proposals, which will be submitted to the AGM, will be based on a club’s TV money.
  • Three major parties failed in their attempt to crush the suggestion in Monday’s vote
  • Is the North London Derby the best Premier League clash? Listen to It’s All Kicking Off! podcast

Premier League clubs have agreed in principle to a spending cap.

In a new referendum, three clubs voted against the proposals by 16 votes, with one abstaining.

The move would limit clubs in the top division to spending a portion of the amount received by the bottom club in TV money.

It is the first time a cap has been introduced in the Premier League, and the vote will now be put to an annual general meeting (AGM) before it is potentially adopted.

The vote took place in London on Monday, with further discussions on details, including the amount of the cap, to be taken before the league’s AGM is held in June.

Premier League agrees to new ‘anchor’ salary cap rules to revolutionize football’s financial rules… as revealed by top three clubs who voted against – and another who abstained –

Premier League clubs have voted in principle in favor of a spending cap, and the vote will now be put to an annual general meeting.

Manchester United, Manchester City and Aston Villa voted against the new proposals, while Chelsea abstained from voting.

The idea behind these proposals is to ensure the league remains competitive, with clubs needing to be assured that the cap will not result in any reduction in spending from their current levels.

14 out of 20 clubs must vote in favor of the cap for it to be adopted later this year.

Back to top button