Premier League clubs convened today to vote on a proposed salary cap, known as 'anchoring,' which would limit squad costs to five times the TV and sponsorship income of the league's lowest-earning club. This measure aims to curb the financial dominance of the richest clubs and address football inequality. The proposal, discussed in a crucial meeting, has received backing from most clubs, although it remains uncertain if the wealthiest will agree. The decision could represent a significant shift in financial regulation within the league, potentially imposing a £641m spending limit on Tottenham.
Premier League spending cap backed by most clubs but will the richest agree? | ITV News https://t.co/L9fnMr5sND
Footballers of the Premier League, unite! https://t.co/eyDX2M0o1R
🧐Arsenal and Chelsea nightmare, £641m Tottenham limit - Final Premier League spending cap verdict 👉https://t.co/Usi8xUrAI1 https://t.co/Usi8xUrAI1
The PL has faced an off-field storm this season, but 'anchoring' could see it end with the right move It would be one of few decisions in 40 years that doesn't just increase the wealth of the richest - and actually mitigates against accumulation of wealth https://t.co/fwH4PBf74e
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
EXCLUSIVE: Premier League club ready to start £150m stadium revamp with cunning plan to avoid having to reduce capacity https://t.co/RdYZdOn2dn https://t.co/fCMj9TRfmy