Made public the Premier League clubs that voted on Monday against a spending cap


 
 
 
 
 
 

Last week, it was reported that the 20 Premier League clubs were set to vote today on a proposed new initiative in terms of setting limits on spending.

In an exclusive, The Athletic reported (see below) that their information was that a majority of the 20 clubs were in favour of adding a ‘hard spending cap’ to the new ‘squad cost’ rules that are being introduced for the 2025/26 season.

The hard spending cap vote needed the backing of at least 14 Premier League clubs in today’s vote.

The spending cap would limit the amount of money any of the Premier League clubs can invest in their squads. With one idea suggesting ‘tying it to a multiple of what the lowest earners get from the league’s centralised broadcast and commercial deals.’

The Premier League clubs have now voted and Sky News say their inside information is that the Premier League clubs have agreed in principle to a form of cap on squad spending.

However, they add that the Premier League clubs still have to agree whether to introduce the rules that would anchor the maximum spending to a multiple of the league’s lowest-earner from TV revenue and prize money.

Of particular interest, is that Sky News have named the Premier League clubs that they understand did NOT vote in favour of in principle introducing some kind of spending cap.

Last week, The Athletic named Man U, Man City and Chelsea as the three clubs leading the opposition to the proposal of a spending cap.

Sky News named today Man U, Man City and Aston Villa as the three Premier League clubs that they have been told voted against the idea in principle, whilst Chelsea are understood to have abstained.

Today’s report from Sky News adding that ‘the plans could now advance to the league’s annual general meeting in June that could lead to the spending cap being introduced. One option floated is capping spending linked to transfers and salaries to five times that of the lowest-earning club.’

The Mag report – 24 April 2024:

‘The 20 Premier League clubs are set to vote on Monday, with a new initiative proposed in terms of setting limits on spending.

In an exclusive, The Athletic reporting that a majority of the 20 clubs are in favour of adding a ‘hard spending cap’ to the new ‘squad cost’ rules that are being introduced for the 2025/26 season.

The hard spending cap vote will need the backing of at least 14 Premier League clubs in Monday’s vote.

The spending cap would limit the amount of money any of the Premier League clubs can invest in their squads, by ‘tying it to a multiple of what the lowest earners get from the league’s centralised broadcast and commercial deals.’

The Athletic state that the Premier League have sent out the proposals and scheduled a meeting to discuss the matter on Thursday.

With then the next stage is to ask the clubs to back the idea in principle, at another meeting of the league’s shareholders, the 20 Premier League clubs and the FA, on Monday.

The Premier League is suggesting a multiple of five as the maximum allowed spending.

The Athletic reporting that if this had been in effect last season ‘the cap would have been £518million, five times the £103.6m that Southampton, who finished 20th, earned in centralised revenues, with Chelsea spending more than that on wages, amortised transfer fees and payments to agents, with Manchester City not far behind.’

When it comes to those clubs most opposed to this extra check on allowed spending, it is stated in the report that Chelsea, Manchester City and Manchester United ,are leading the opposition to the idea…’