Man City and 3 other clubs' stance on salary cap proposal revealed as FFP fears resurface

The Premier League have agreed in principle to introducing a spending cap - despite three clubs, including Manchester City, reportedly voting against it.

Premier League club chiefs met for a shareholders meeting in London today (Monday, April 29) where one of the key issues on the agenda was to vote in principle for a potential introduction of a salary cap.

Financial controls in the Premier League have come under considerable scrutiny over the past 18 months or so as FFP considerations continue to bite., The likes of Everton, Nottingham Forest and Leicester City being hit with charges and sanctions related to the league’s profit and sustainability rules (PSR) while City’s situation around their alleged 115 breaches of Premier League rules over a 10-year period is yet to be resolved.

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With PSR rules to be replaced by a model similar to UEFA’s squad cost ratio rule from 2025, the new plans, which look at wages, amortisation, severance costs and intermediary fees as a percentage of operating revenue and player trading profit, have been criticised as not going far enough to address the competitive imbalance that exists in English football’s top tier.

The proposed cap, which is to has been coined as “anchoring”, means the top teams can spend only a certain proportion of the amount the league’s bottom club receives in broadcast revenue. It's so-called because it 'anchors' the cap to the lowest-earning club's broadcast revenues. A multiple of five has been suggested, meaning that if the lowest-earning club brings in £100m in broadcast