- Premier League clubs have agreed ‘in principle’ a plan to introduce a spending cap to level the playing field and promote financial stability among clubs.
- Proposed regulations would link maximum spending to the lowest-earning team’s TV revenue and prize money.
- Three teams, including Manchester City, are against the new proposals, while one other abstained from voting.
England’s top is one of the most expensive domestic leagues in European football. With its latest television rights deal believed to be in the region of £1.28bn per season, it has led to mass increases in transfer fees and player wages across the board. It has also meant the gulf between teams at the top and teams at the bottom has also continued to increase.
However, with the proposed new regulations receiving support from the majority of Premier League teams, we may finally see a shift in the way money must be spent which could end up levelling the playing field.
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