US EditionMan United and Man City in Agreement as Premier League Clubs Vote on Salary Cap
Premier League clubs will decide on financial rules including anchoring, a spending cap linked to the bottom club’s earnings, with 16 clubs previously supporting the proposal.
- The Premier League plans to vote on a financial overhaul including anchoring, a proposed spending-control mechanism opponents say acts like a salary cap, at next month’s shareholders' meeting.
- Anchoring would limit spending to five times the bottom club's earnings, which is �550 million based on Sheffield United's �109.5 million, and run alongside squad cost ratio rules, the league says.
- Sanctions include a minimum six-point deduction plus an extra point per �6.5m, while Sir Jim Ratcliffe called the plans `absurd` and critics warn clubs like Real Madrid could still spend over �700million.
- Sixteen clubs backed the proposal, while Manchester United, Manchester City, and Aston Villa opposed, and Chelsea abstained, amid legal concerns from the PFA.
- First explored in March last year, the draft rules may be updated before the November 21 meeting as supporters say anchoring protects broadcaster deals but opponents warn it risks top player attraction.
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How can United survive if they can't even spend any more? Premier League clubs could vote as early as November...
Premier League clubs set to vote on 'salary cap' with Man Utd and Man City the main opposition - Football Insomnia
© IMAGO Premier League teams are set to vote on a new ‘salary cap’ of sorts which would have major ramifications for how clubs do business in the English top-flight. Article continues under the video The new system is called ‘anchoring’ and it involves clubs being restricted to spending at most five times what the lowest-ranked club in the division receives from broadcast revenue and prize money. The proposals have been put on the table in order…
Premier League cap set to be proposed
For much of the last 15 years in the Premier League, the ‘Big Six’ clubs of Manchester United, Chelsea, Liverpool, Arsenal, Manchester City and Spurs have been in a financial league of their own compared to the other 14 teams. At the right place at the right time in the 2000s and beyond, the six sides have been able to spend lavishly on players, wages, facilities and stadiums… Source
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