English Premier League clubs vote on the salary cap

English Premier League clubs vote on the salary cap

On Monday 29 August, Premier League clubs will vote on spending restrictions. In this case, it will be the first time a cap has been put in place on what clubs are allowed to spend on transfers, salary expenses and agent fees.

It will ensure competitiveness

The aim is to ensure the league remains competitive rather than complete dominance by rich clubs. There are already big differences between the top clubs and those lower down the table, and the new Champions League format that will be introduced in the autumn will ensure more money in the coffers of qualified teams, and could give a significant advantage over smaller teams. .

A first vote is expected to take place during today's shareholders' meeting in London, and then further discussions will take place on the details before the annual general meeting in June.

To approve the proposal, 14 votes must be obtained out of the 20 clubs that voted.

Last season, Manchester City were the biggest spenders on wages, at £423m, and spent £51.5m on agent fees. He writes that Citi is expected to oppose the proposal times. So do the new owners of Manchester United, Sir Jim Ratcliffe and his company INEOS, while the Glazer family, who own the majority, must be positive.

Liverpool are likely to be positive about the proposal. In an interview with the Liverpool Echo from 2023 John W. Henry said He welcomes stricter restrictions.

– There are increasing financial challenges in the English Premier League. It is an exceptionally successful league and the best football league in the world, but we have long believed that spending limits should be put in place so that the league does not follow in the footsteps of other European leagues where there is little competition between clubs.

See also  Sebastian Scherf. - It was some bullshit

– The tension in the league is related to competition and this is the most important element in the Premier League.

Chelsea also had the second-highest wage bill last year, worth £404m, and Liverpool came in third with £373m.

Najuma Ojukwu

Najuma Ojukwu

"Infuriatingly humble internet trailblazer. Twitter buff. Beer nerd. Bacon scholar. Coffee practitioner."

Leave a Reply

Your email address will not be published. Required fields are marked *