The Times reported that the three major English football agencies have threatened to take legal action against the Premier League to oppose the controversial new salary cap policy. The three companies represent hundreds of players, including Palmer...
The Times reported that the three major English football agencies have threatened to take legal action against the Premier League to oppose the controversial new salary cap policy. The three companies represent hundreds of players, including Palmer and Grealish.
According to reports, agency companies CAA Base, CST Stellar and Key Sports entrusted lawyers to write to the Premier League’s legal department last Friday. Their main complaint is that the Football Agents Association was never consulted throughout the policy development process.
The agency pointed out that this new salary cap plan called "anchoring" constitutes an illegal act. They believe that the Premier League abused its market dominance and implemented illegal trade restrictions by artificially limiting the club's expenditure on player salaries, coaching fees, transfer fees and agent commissions.
According to the "anchoring" rule proposal, the club's spending limit will be set at five times the total TV and bonus revenue received by the bottom club in the league. Taking the 2023-24 season as an example, when Sheffield United ranked 20th with revenue of 109.5 million pounds, the salary cap would be approximately 550 million pounds. 4} Brokerage companies are not the only opponents. The Professional Players Association (PFA) has also threatened to sue. The PFA plans to meet with the captains of all 20 Premier League clubs in the next few days because they are concerned that the new regulations will weaken the ability of Premier League clubs to compete with Europe's top clubs for player wages. The Super League has withdrawn the relevant financial proposals, otherwise it will face legal challenges.
According to news, the current concerns about the "anchoring" plan are not limited to the original opponents Manchester United and Manchester City. Some top club insiders even doubt whether the shareholders' meeting vote originally scheduled for this Friday can be held as scheduled.
