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Only seven clubs vote for ‘anchoring’ at Friday’s meeting
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Squad ratio system will limit spending to 85% of revenue
Premier League clubs have voted overwhelmingly against the introduction of controversial anchoring plans but agreed a squad cost ratio (SCR) system, as the top flight moved to a new era of financial regulation.
Top-to-bottom anchoring (TBA) would have tied the spending of the league’s clubs to a multiple of the revenue earned by the division’s bottom-placed side the previous season in central payments passed on by the league. The plan has long been opposed by the top flight’s two Manchester clubs and a vote in London on Friday brought 12 votes against the measure and seven for, with Burnley abstaining.
Continue reading…Only seven clubs vote for ‘anchoring’ at Friday’s meetingSquad ratio system will limit spending to 85% of revenuePremier League clubs have voted overwhelmingly against the introduction of controversial anchoring plans but agreed a squad cost ratio (SCR) system, as the top flight moved to a new era of financial regulation.Top-to-bottom anchoring (TBA) would have tied the spending of the league’s clubs to a multiple of the revenue earned by the division’s bottom-placed side the previous season in central payments passed on by the league. The plan has long been opposed by the top flight’s two Manchester clubs and a vote in London on Friday brought 12 votes against the measure and seven for, with Burnley abstaining. Continue reading…