Premier League clubs vote in principle to back spending cap
A majority of English Premier League clubs have voted in principle to back the idea of a spending cap in the top flight. It is understood that clubs voted on Monday to progress to the final stages of a legal and economic analysis of anchoring - a principle which would potentially limit expenditure on things like player wages, plus agents' fees and transfer amortisation costs, by capping them as a multiple of the central Premier League revenues going to the bottom club. The intention of anchoring is to keep the league competitive by preventing the richest clubs dominating, with Manchester United and Manchester City understood to have voted against it. Aston Villa are also reported to have voted against, with Chelsea reported to have abstained. Anchoring faces some major obstacles before it can be fully adopted, not least the backing of the Professional Footballers' Association which said on Monday it would "oppose any measure that would place a 'hard' cap on player wages". United oppose the concept of anchoring because they feel the measure unfairly penalises them for their success in generating large, self-sustaining revenues which they have built over decades of sporting achievement and commercial innovation. The club are also understood to be concerned that measures to level out competition in the Premier League risk undermining the competitiveness of English clubs in relation to their European peers and weaken the Premier League as a global force. Anchoring, if approved, would be one part of the new squad cost control measures which are set to replace the existing profitability and sustainability regulations (PSR) from the 2025-26 season. Clubs unanimously voted in support of squad spending caps linked to revenue
