A majority of Premier League clubs have voted to explore measures that would put a cap on player spending, with only Manchester United, Manchester City and Aston Villa voting against
clubs have voted to explore measures that would put a cap on player spending, with only Manchester United, Manchester City and Aston Villa voting against.
Plans for a new “anchoring” concept that would limit spending on wages, transfer fees and agent fees to a multiple of the TV revenue generated by the league’s bottom club were at the centre of the latest meeting of the shareholder clubs. If approved, anchoring would be a key component of the league’s proposed new financial rules, but the deal is not guaranteed to be done.Sixteen clubs voted in favour of subjecting the anchoring proposals to a full economic and legal analysis.
The Professional Footballers’ Association said it would “wait to see further details” but insisted “we have always been clear that we would oppose any measure that would place a ‘hard’ cap on player wages. There is an established process in place to ensure that proposals like this, which would directly impact our members, have to be properly consulted on”.
The Guardian understands that conversations between the league and the PFA are expected to be part of the analysis which will take place over the next month. Although a multiple for spending has yet to be determined, it is understood to be in the region of four to five times the TV revenue of the bottom club, which last season was the £103.6m earned by Southampton.
The league says further details of the rules will be worked out after the economic and legal analysis, leaving open the possibility that clubs could be allowed to spend more than the allotted figure provided that were offset by sales.The Premier League hopes to put a full set of new financial regulations to the vote at its AGM in June. The league has agreed to go ahead with controls that wouldto 85% of their revenues . These “squad cost ratios” would run alongside anchoring, if approved.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Clubs Agree to Cap Spending on Players as Part of Premier League PSR ReformPremier League clubs have unanimously voted to adopt rules that will cap spending on players as part of a reform of profitability and sustainability rules. The full reform is ongoing, with cost control ratios forming the center of any plans. The proposed controls would limit clubs in European competition to spending 70% of their revenues on player-related costs.
Read more »
Manchester City v Arsenal: Premier LeagueMinute-by-minute report: A potential title decider awaits. Join Rob Smyth for all the action as it happens
Read more »
Manchester City v Aston Villa: Premier LeagueMinute-by-minute report: Will Aston Villa cause an upset and dent Manchester City’s title bid? Join Taha Hashim to find out
Read more »
Chelsea v Manchester United: Premier LeagueMinute-by-minute report: Erik ten Hag’s side are looking to do a league double over the Blues for just the second time. Join Tim de Lisle
Read more »
Pep Guardiola urges Manchester City not to take eye off Premier LeaguePep Guardiola has warned his Manchester City players not to take their eye off the Premier League
Read more »
Manchester United v Liverpool: Premier LeagueCan the hosts put a dent in the title hopes of Jürgen Klopp’s men when the fierce rivals lock horns again? Join John Brewin to find out
Read more »