Premier League to introduce a spending cap from 2024/25 season with three clubs voting against it

2 Min Read
Premier League

According to rumors, a salary ceiling will be implemented in the Premier League despite the three clubs “voting against” it.

With transfer fees and wages growing at an exponential rate in recent years, the Premier League has been looking for ways to rein in club expenditure.

They’ve already had talks about using UEFA’s model, which permits clubs to pay players 70% of their own earnings. Clubs have previously supported this suggestion.

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The Premier League also proposed ‘anchoring,’ a spending cap based on a multiple of the lowest-earning club’s television revenue.

According to BBC Sport reporter Dan Roan, teams could only spend £500 million on salaries and fees that season if the lowest-ranking team in the division made £100 million.

Claiming that Arsenal, Liverpool, and Tottenham were all in favor of the ‘anchoring’ plans due to worries that Middle Eastern-owned clubs, like Manchester City, could dominate, he noted that clubs like Manchester United were thought to have been against them.

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It now seems that Premier League clubs have had their say following a Monday meeting in London.

Premier League clubs have reportedly reached a principle agreement about the spending cap known as “anchoring” to the TV earnings of the lowest-ranked team, according to Martyn Ziegler of The Times.

In addition, he proposes that Chelsea abstained and that Aston Villa, Manchester United, and Manchester City voted against the idea. “[It] will now go to AGM,” Ziegler continued.

On the subject, the PFA has also released a statement.

“We’ll wait to see details of proposals but we would oppose any measure that would place a ‘hard’ cap on player wages,” it read.

“There is an established process in place to ensure proposals like this, which would directly impact our members, have to be properly consulted on.”

By Shyam
Shyam Sharma who joined SPORTS BIG NEWS in 2021. Focuses on soccer – chiefly the Premier League, LaLiga, UEFA Champions League, Liga MX and MLS. On occasion, also covers American sports, general news and entertainment. Fascinated by the language of sport – particularly the under-appreciated art of translating cliché-speak.