According to the UK Times, Premier League teams approved a proposal on Monday that would limit their ability to spend money on agent fees, wages, and transfers.
The plan would cap elite clubs’ expenditure at a certain amount of TV money received by the bottom team.
It was a unanimous vote, which was reached with the requisite majority of 14 votes.
Sixteen out of the twenty teams in the Premier League supported the proposition at the shareholders’ meeting.
According to the UK Times, Premier League teams approved a proposal on Monday that would limit their ability to spend money on agent fees, wages, and transfers.
The plan would cap elite clubs’ expenditure at a certain amount of TV money received by the bottom team.
It was a unanimous vote, which was reached with the requisite majority of 14 votes.
Sixteen out of the twenty teams in the Premier League supported the proposition at the shareholders’ meeting.
