29 Apr 2024 18:52:10
Eds,

Are any of you able to give a simple version of the new Spending Cap?

On the radio, it said it is the prize money from the League only which will be multiplied by an as yet to be agreed number.

{Ed002's Note - It works on the principle of overall 85% of revenue being spent by clubs not in Europe on wages for the player playing staff, amortised transfer fees (which can be spread over the length of the contract) and fees paid to agents and other representatives. For the clubs in Europe the figure drops to 70% (to meet UEFA rules). Details are still being worked on, particularly if a more contraversial salary cap is to be agreed - and that is perhaps what you heard on the radio.

The plan on the table limits clubs spending on salaries and fees (so not transfer fees to a multiple of the Broadcast earnings of the bottom club from the previous season - the figure used in an example was 6 - so the example of Norwich from last season would be £94M x 6 - which is £564M. If it were 5 it would drop to £470M.}

1.) 30 Apr 2024
30 Apr 2024 12:21:50
Cheers Ed.

{Ed002's Note - You are welcome.}

2.) 30 Apr 2024
30 Apr 2024 14:59:47
Thankyou ED for taking the time to explain the new rules.

{Ed002's Note - You are welcome - and there will be more changes.}