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. |
Average game time drops 1 minute to 2:36 in second season of MLB pitch clockHainan's lowChina's services trade reports rapid growth, travel services boom in Q1Answering readers' questions about the protest movement on US college campusesHead of Greek extreme farDirector spotlights rural children's soccer dreams in debut filmBurg Chinese Chorus celebrates 10th anniversary with concert in GermanyBurg Chinese Chorus celebrates 10th anniversary with concert in GermanyChongqing Youth Film Project unites global youthMouncastle and Mateo propel Orioles to 7