Premier League agree new ‘anchoring’ salary cap rules to revolutionise the finance rules of football… as the three top clubs who voted against it – and another who abstained – are revealed
- The proposals, which will go to an AGM, will be based on TV money from one club
- Three major parties failed to reject the suggestion during Monday’s vote
- Is the North London Derby the best match in the Premier League? Listen to the It all starts! podcast
Premier League clubs have agreed in principle to a spending cap.
In a new referendum, three clubs voted against the proposals and sixteen, with one party abstaining.
The move would limit clubs in the top division to spending a portion of the amount the bottom club received in TV money.
It is the first time ever that a cap has been introduced in the Premier League, and the vote will now go to an Annual General Meeting (AGM) before it is potentially adopted.
The vote took place in London on Monday, with further discussions on details, including the size of the cap, taking place before the league holds its AGM in June.
Premier League clubs have voted in principle to introduce a spending cap, and the vote now goes to an annual general meeting
Manchester United, Manchester City and Aston Villa voted against the new proposals, while Chelsea abstained.
The idea behind the proposals is to ensure that the league remains competitive, with clubs being assured that the cap will not be reduced, which will not lead to a reduction in expenditure from their current levels.
14 of the 20 clubs must vote in favor of the cap before it is adopted later this year.
