SPORTS
EPL clubs embrace new spending cap

Premier League clubs have embraced the idea of implementing a spending cap to narrow the financial gap between top and bottom-tier teams in English football’s highest echelon.
Under this proposed scheme, clubs would be restricted to spending a multiple of the funds accrued by the lowest-earning club from television rights in the Premier League.
This plan is anticipated to be capped at five times the amount received by the lowest-earning side through the league’s broadcast deals, with figures from the previous season indicating that Southampton, as the bottom club, received £104 million ($130 million) in TV revenue.
Clubs are likely to be assured that this cap will not necessitate a reduction in their current spending levels.
The proposal garnered at least 14 votes from the 20 clubs, meeting the requirement for approval.
Notably, defending champions Manchester City, Manchester United, and Aston Villa reportedly rebuffed the proposal, while Chelsea is said to have abstained.
If ratified at an annual general meeting in June, this new model will supplant the contentious Profit and Sustainability Regulations (PSR) starting from the 2025–26 season.
Everton and Nottingham Forest faced point deductions this season due to PSR breaches, with other clubs nearing the limit, resulting in a significant downturn in spending during the January transfer window.
Opponents of spending caps argue that they could undermine the Premier League’s status as the wealthiest and most watched league globally.
Additionally, the Professional Footballers’ Association has voiced opposition to any measures imposing a “hard” cap on player wages.
However, proponents of the plan point to the escalating revenue from the Champions League for top-tier teams and the financial prowess of state-backed clubs like City and Newcastle as reasons to curb spending and preserve competitive equilibrium.
Discover more from Naijanewstoday
Subscribe to get the latest posts sent to your email.
-
POLITICS5 days ago
C-Sagas UK Chapter Meets Founder in London, Reaffirms Humanitarian Vision
-
TECH7 days ago
OpenAI CEO Sam Altman Warns ChatGPT Conversations Aren’t Legally Confidential
-
NEWS5 days ago
Ikwo Noyo Clan Releases Official Timetable for 2025 Nnesweoha Festival
-
ENTERTAINMENT4 days ago
VeryDarkMan Breaks Down in Tears as He Announces Death of Popular Fish Seller
-
NEWS5 days ago
Nigerian Youth Advocate Calls Out Facebook’s Monetisation Policies
-
CAMPUS REPORTS6 days ago
VC Inaugurates Two New Residential Flats Built by AE-FUNAI Parents’ Forum
-
CAMPUS REPORTS5 days ago
Experts Urge Responsible AI And Data Use at AE-FUNAI Law Conference
-
POLITICS4 days ago
2027 Elections: We’re the Only Viable Alternative to APC, PDP Slams ADC
-
CAMPUS REPORTS6 days ago
AE-FUNAI Hosts ACSPN, Highlights Role of Artificial Intelligence in Media and Security
-
SPORTS7 days ago
Asisat Oshoala Shuts Down Retirement Rumors After WAFCON Triumph
-
NEWS6 days ago
David Umahi’s Daughter Kimberly Graduates With First Class
-
SPORTS4 days ago
Morocco Challenges Referee Call After Super Falcons’ WAFCON Triumph