Premier League salary cap proposals appear to be under threat, with Arsenal now less convinced the change is a good idea.
Matt Lawton and Martyn Ziegler report for The Times that Arsenal are among a number of Premier League clubs currently reviewing their position on a new salary cap ahead of Friday’s vote on the issue.
The salary cap would limit spending to five times the amount paid in prize money and broadcast revenue to the club who finish bottom of the league.
The report gives the example of the 2023/24 season, when Sheffield United finished 20th and received £109.5m, meaning the cap would have been £550m.
Arsenal had been one of the driving forces behind the proposal at first, with Tim Lewis a strong advocate. But with Lewis leaving the club in September, the new leadership team reportedly don’t have such a strong stance on the issue.
The Times now claim that it remains to be seen if the vote even goes ahead, as up to eight clubs have reservations over the change. Manchester City and Manchester United will be among that group, as long-standing vocal opponents of the change.
Friday’s shareholders’ meeting will bring closure one way or another, but it seems as though the rule change is now very unlikely to go ahead.