The Premier League, one of the most popular leagues in the world, will have a big change for next season with a limit on spending on transfers.
This cap would be set to a multiple of what the lowest earners receive from the Premier League’s centralized commercial and broadcast deals.
Based on last season, the key figure would be the £103.6m Southampton, the bottom club, made from commercial and television revenue.
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That would then be multiplied by whatever amount was agreed and everyone else would have to keep their salaries, amortized transfer fees, and agent payments below that figure.
If a factor of five were used, the limit would be £518 million, according to the Daily Mail.
Chelsea had an estimated squad cost of £539 million last season, which puts them above this limit. Man City, at around £501m, would simply sneak in below.
One of the proposals is a ‘luxury tax’ that would fine clubs if they spent more than allowed instead of having points docked. Something similar happens in Major League Baseball to teams that exceed the payroll limit.
However, it is believed that the “maximum penalty” of a points deduction will remain a deterrent should someone show blatant disregard for the new system.
According to journalist Ben Jacobs, Manchester City, Manchester United, and Aston Villa voted against the measure. Chelsea abstained. The change will be ratified this summer.
The Premier League does not want to play matches abroad
The Premier League does not currently have plans to play matches abroad, according to its chief executive, Richard Masters.
Masters spoke this Friday at the European Leagues assembly held in London and denied having a plan similar to that of the Spanish League, which guaranteed, through its president, Javier Tebas, that they are prepared to play matches in the United States.
“The door seems to be ajar for overseas matches, but it doesn’t fit into our current plans,” Masters said.
