Premier League looking at club wage caps to aid competition – Steve Parish

The Premier League is looking at a cap on a club’s wage bill in order to keep the top flight competitive, Crystal Palace chairman Steve Parish has said.

The league is looking at a variety of ways to maintain competitive balance, including anchoring – capping the richest club’s wage bills as a multiple of the television money earned by its bottom club.

“As far as competitive balance (is concerned), people need to be bold,” Parish said at the Leaders Week conference at Twickenham.