The clubs they agreed – no unanimously – a first measure in pursuit of the financial sustainability demanded by the United Kingdom Government, which continues with its football control body. The footballers, against “a hard limit.”
The Premier League begins to take concrete measures to reduce the clubs’ losses through spending control. The teams agreed to limit spending on salaries by tying it to television revenue. Thus, no one will be able to spend five times more than what the last person in the competition earns on television.
Specifically, the competition must define a multiple with respect to the club that earns the least for this concept in the regular season.
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For example, in 2022-2023, Southampton FC earned $129.8 million (£103.6 million). If the Premier League had approved a multiple equivalent to five, the competition’s clubs could spend $643 million (£518 million) on salaries, amortizations and payments to agents.
At the meeting, Manchester United, Manchester City and Aston Villa voted against of the measure, while Chelsea abstained. With the exception of the “villains”, these three clubs along with the Liverpool They are the only ones who in 2022-2023 exceeded that new spending ceiling.
Now, the decision will be raised to the Annual General Meeting (AGM), which will take place in June, when this new proposal could be definitively approved. In that case, the salary limit It could come into force from the 2025-2026 season.
The footballers, the main victims, responded through their majority union (PFA) that “we would oppose any measure that would put a hard cap on salaries” and recalled that “there is an established process to guarantee that proposals like this, which would directly affect to our members, have to be properly consulted.”
Source: Ambito
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