Premier League clubs are set to vote on the introduction of a salary cap, known as 'anchoring', which would tie player spending to the bottom club's TV revenue. The proposed cap is 5 times the lowest club's central TV/sponsorship income, aiming to address financial inequality and competitive balance in football. Manchester United, Aston Villa, and Manchester City have opposed the new spending cap, with INEOS looking to improve United's fortunes despite potential rule impacts. Sir Jim Ratcliffe's plans to overhaul Manchester United's squad face obstacles due to profit and sustainability rules.
Sir Jim Ratcliffe has confirmed two more departures as he continues his overhaul of Manchester United's leadership team 🪓👋 ✍️|@discomirror https://t.co/ADHXt92y0n https://t.co/l0BI5gkZQg
Sir Jim Ratcliffe wants to overhaul the Man Utd squad this summer 💰 But his plans will be severely hindered by profit and sustainability rules ❌ https://t.co/ePDcMz5t0M https://t.co/2kMCvLuBlT
Explaining anchoring rules and new Premier League cost controls - what it all means for spending on players, financial sustainability and competitive balance https://t.co/zLve8Ro4ec
Manchester United joined #AVFC & #MCFC to vote against the possible introduction of a new PL spending cap. INEOS are in a hurry to turn #MUFC’s fortunes around & this vote shows it. But would the new rules impact them anyway? W/@mjshrimper @TheAthleticFC https://t.co/0zD9hP8PIl
Inside the Premier League 'salary cap': New plans to stop football's super-rich from dominating could be voted into place TODAY... so who do they impact? How would it work? And will there be more points deductions? https://t.co/5uLAFzoPMR https://t.co/rL2TKHtj7F
Financial regulations to fix football inequality alone will never work. Take Premier League’s proposed squad cost cap: highest spenders capped at 5x lowest. Incredibly generous to richest, solidifying stranglehold. On other hand, face big spending rivals in European competition.
As first reported here, PL clubs meet this afternoon to vote on the principle of a hard salary cap. The mooted squad cost cap is 5X the bottom club’s central TV/sponsorship income. Here’s my estimate of what it would have looked like in 22/23. ⚓️ https://t.co/QFdU5QRVLs https://t.co/eVYlYoT7PV
A salary-cap for the Premier League? My live report for the @BBCr4today programme earlier, as the 20 PL clubs meet today to discuss a controversial proposed new financial rule known as ‘anchoring’ that would tie spending on players to the bottom club’s TV revenue 👂 ⬇️ https://t.co/rpCTeWUjMS
Could the Premier League introduce a salary cap? 🤔 Mark McAdam discusses ahead of an important meeting today between the clubs ⤵️ https://t.co/TylIvnPjLY