Premier League clubs agree on introducing a spending cap to align spending with revenue, creating competitive balance among teams.
The spending cap will anchor to the television earnings of the bottom club, with a final vote scheduled for June 2022, and implementation planned by the 2025/26 season.
Bigger clubs like Aston Villa, Manchester City, and Manchester United opposed the cap, fearing limitations on competing in Europe.
Premier League opted for a spending cap that links spending to a multiple of the lowest club's broadcast income, aiming to regulate transfer fees and wages.
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