Current location:Stellar Series news portal > business
English Premier League takes another step toward introducing a spending cap
Stellar Series news portal2024-04-30 10:55:40【business】4People have gathered around
IntroductionLONDON (AP) — The English Premier League has taken another step toward introducing a spending cap.At
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.
Address of this article:http://britishvirginislands.whetstonetavern.com/html-15a199863.html
Very good!(89)
Related articles
- GOP lawmakers in Kansas are moving to override the veto of a ban on gender care for minors
- Beijing 2022 innovates green standard for snow venues
- Top Leaders Attend Congress of Returned Overseas Chinese
- Xi Urges Actions to Translate Community with Shared Future for Mankind into Reality
- Who is Humza Yousaf's wife Nadia El
- Paris 2024 Olympics to feature 10,000 torchbearers
- Xi Calls for High
- Xi Urges Actions to Translate Community with Shared Future for Mankind into Reality
- Students in UK wowed by time
- Development to remain the focus in 75th year of nation's founding
Popular articles
Recommended
China's NEVs powering up to lead global sustainability charge
Decade after divorce, woman finds new life on two wheels
U.S. travelers benefiting from China's visa rules
Enterprises bullish on supply chain expo
Chinese defense minister holds video call with US counterpart
Tightening her grip on greatness
China moves to make financing easier for small businesses
Winter Olympics' legacy: Booming interest for ice and snow sports
Links
- Li Bingjie Wins Women's 400m Freestyle at Hangzhou Asiad
- Tightening Her Grip on Greatness
- Blind Graduate Shares Her Vision of Music
- Woman Quits Consulting Job to Give Grandfather Experiences of a Lifetime
- China defends men's 5,000m relay title in Rotterdam
- Renters now pay an extra £5,993 a year in rent and energy bills compared to a decade ago
- Arts Add Vigor to Rural Revitalization in Guangdong
- Zhang Weili Secures Brutal Spinning Backfist KO at UFC 275
- Zhang Weili Defends UFC Strawweight Title Against Brazil's Amanda Lemos
- Gangsters Paradise: Why do so many British mobsters flee to Dubai?