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April 25 – For the first time English Premier League clubs are set to discuss a hard salary cap at their next shareholders meeting on Monday but the proposal is likely to face strong opposition.
The proposed cap – known as anchoring – would limit clubs to spending only a proportion of the amount the league’s bottom club receives in TV money on transfers, wages and agents.
In theory, the move would make the top flight more competitive but Manchester United, among others, are said to believe that a cap would put English clubs playing in Europe at a disadvantage to their European rivals.
The Premier League are committed to overhauling the current profit and sustainability rules (PSR) that have seen Everton and Nottingham Forest docked points this season.
Clubs have already agreed to introduce squad cost control measures for the 2025-26 season which will limit them to spending 85% of turnover on transfers, wages and agents’ fees.
Having failed to reach a new funding deal with the English Football League (EFL), the Premier League wants to sort out its own financial rules.
Unsurprisingly, the anchoring idea is far more popular with clubs further down the revenue table. They see it as a way to stop the league’s biggest earners from being able to constantly outspend them.
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Source link : https://www.insideworldfootball.com/2024/04/25/premier-league-discuss-hard-salary-cap-big-club-opposition-grows/
Author : Paul Nicholson
Publish date : 2024-04-25 16:37:13
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