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. |
Pregnant Jenna Dewan shops for baby clothes in LA after accusing exFor Israel’s contestant, the Eurovision Song Contest comes with tight security, boos and cheersPR executive reportedly departs China's Baidu after comments glorifying overwork draw backlashRangers put reliever Josh Sborz on IL for the 2nd time this year with right rotator cuff strainInside Jackass star SteveMichael Palin reunites with his Monty Python coCavaliers' Jarrett Allen out for Game 2 against Celtics with bruised ribsPrince William rocks his shades as he visits a surf beach in CornwallAlabama lawmakers adjourn session without final gambling voteNew 10,000