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Plan to cap spending at five times bottom club’s income
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Four clubs voted against league proposal last year
The Premier League will try to finalise details of new spending rules at its first shareholders’ meeting of the season on Tuesday amid growing opposition to one element that has been likened to a salary cap.
The league is confident of gaining the clubs’ backing to introduce squad cost ratio rules (SCR) that would limit spending on player wages, transfers and agent fees to 85% of revenue. But the inclusion of anchoring, which would cap that spending at about five times the bottom side’s income from the league, is thought to be in the balance. Last season, income for the bottom club, Southampton, was £109.2m. The league gives each club an equal share of broadcast and central commercial revenue and further payments according to finishing position and how often a team are televised live in the UK.
Continue reading…Plan to cap spending at five times bottom club’s incomeFour clubs voted against league proposal last yearThe Premier League will try to finalise details of new spending rules at its first shareholders’ meeting of the season on Tuesday amid growing opposition to one element that has been likened to a salary cap.The league is confident of gaining the clubs’ backing to introduce squad cost ratio rules (SCR) that would limit spending on player wages, transfers and agent fees to 85% of revenue. But the inclusion of anchoring, which would cap that spending at about five times the bottom side’s income from the league, is thought to be in the balance. Last season, income for the bottom club, Southampton, was £109.2m. The league gives each club an equal share of broadcast and central commercial revenue and further payments according to finishing position and how often a team are televised live in the UK. Continue reading…