Premier League clubs reject controversial ‘anchoring’ but agree new financial rules

Only seven clubs vote for ‘anchoring’ at Friday’s meetingSquad ratio system will limit spending to 85% of revenuePremier League clubs have voted overwhelmingly against the introduction of controversial anchoring plans but agreed a squad cost ratio (SCR) system, as the top flight moved to a new era of financial regulation.Top-to-bottom anchoring (TBA) would have tied the spending of the league’s clubs to a multiple of the revenue earned by the division’s bottom-placed side the previous season in central payments passed on by the league. The plan has long been opposed by the top flight’s two Manchester clubs and a vote in London on Friday brought 12 votes against the measure and seven for, with Burnley abstaining. Continue reading...

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