Spend more to earn more? English clubs have been engaged in an arms race for several seasons and are spending fortunes to strengthen themselves in order to win the Premier League. Like Chelsea, particularly expensive since the arrival of Todd Boelhy in 2022, or like Manchester City, certain big names in the first division risk sanctions for having exceeded the budgetary limits set by the English league.
But not points deductions like Everton and Nottingham Forest. According to information from the Daily Mail, the Premier League is considering implementing a ‘Luxury Tax’ inspired by the model in place in the NBA. Beyond a specific ceiling, any additional expenditure would expose PL clubs to a financial penalty.
A vote in June?
This desire to change the regulations would be linked, according to the British newspaper, to a certain fear of seeing English clubs lower the salaries offered to players in order to remain within the framework of financial fair play. With a smaller salary budget, there would be a risk of no longer attracting as many stars and ultimately, the Premier League could lose its status as the best championship in the world.
Such a reform could even quickly see the light of day since the clubs would be invited to decide at the end of season meeting in June. If, according to daily reports, 17 teams would be in favor of introducing such a change, it will be necessary to go through a vote and at least 14 clubs should clearly position themselves in favor of this ‘Luxury Tax’.
Millions to be recovered for good students
The examples of Everton and Nottingham Forest, respectively sanctioned with six and four penalty points, were perceived as very harsh by the elite clubs and contrary to the economic viability of the clubs advocated by the introduction of this FPF at the English by limiting investments.
Clearly, with a ‘Luxury Tax’, clubs that want to spend fortunes could continue to do so. But still spending via this fine. The money thus collected, potentially several tens of millions of euros per season, would then be redistributed to good students in the Premier League. A win-win solution which would thus avoid sporting sanctions for teams like Chelsea and Manchester City. And Premier League clubs could then continue to spend more for the sake of…spending more.
Original article published on RMC Sport
2024-04-04 15:07:39
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