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Premier League clubs agree to a spending cap
https://www.bbc.co.uk/sport/football...s/cpegd3dy8j7o
Good news this - it'll be interesting to see who voted for and against |
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So the short of it is:
Clubs can spend a max of 85% of their revenue on wages, transfer fees and agents fees. Clubs in Europe can only spend 70% as it's assumed their revenues are much higher. We're at around £800m a year in revenue. So (if we're in Europe) our cap would be £560m. Player wages come to about £200m a year, we spend about £150m a year on transfers. Agent fees are around £35m a year. So we'd be £175m under the cap. It wont effect City as they apparently have similar revenues to us and apparently have lower wages. The other proposal (anchoring) is that the limit is 5x the amount paid in TV rights to the team that earned the least. That's currently £115m so everyone would be under that too. I'm not sure what the point is to be honest. Unless they're going to come up with something much stricter, everyone will pass it. Not entirely sure why we voted against it to be honest. It seems like it could only benefit us. It would make it difficult for smaller clubs to compete. |
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it's a major (positive) change, even if it wouldn't have a day 1 impact |
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