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The proposal may cover payments at five days the TV revenue of the Tournament team that finished in 20th area, or$ 653 million based on past year’s payments.
Photo by Michael Regan/Getty Images
English Premier League venues are moving forward with a proposal to start a salary cap starting with the 2025-26 time to address player saving disparities in the nation’s most well-known football club. The proposal was approved on Monday at the team’s investor meet, and it will now go to the club’s annual general meeting in June for a ballot.
By implementing an “anchoring” method that is tied to the club’s TV revenue, which came in 20th place, the new regulations would cover payrolls. Last year, Southampton earned £104 million from TV —$ 131 million based on current swap rates—and a three of five days that standard, or$ 653 million, would have been the cover had the rules been in place. Payroll, amortized transfer fees, and realtor fees may all be included in the spending. Manchester City fell short of that level, but Chelsea did.
Manchester United, Man City and Aston Villa voted against the plan, according to Martyn Ziegler of The Times. Chelsea abstained, per Ziegler.
The new plan would replace the current Revenue &, Sustainability guidelines that have stifled Everton and Nottingham Forest this season with factors deductions, and may work with the crew price controls that will start in 2025. Teams will only be able to spend 85 % of their total revenue on wages, transfers, and agents ‘ fees starting in 2025.
The Professional Footballers ‘ Association ( PFA ), which is the players ‘ union, is casting final votes, but it has reiterated its support for an EPL cap.
We will undoubtedly be interested to learn more about these particular proposals, but we have always been ready to support any legislation that would impose a “hard” seal on player wages, according to a PFA spokeswoman. There is a well-established procedure in place to ensure that proposals like those that may have a direct impact on our members are properly consulted on.
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