Leeds United and Ipswich Town are battling it out for the second automatic promotion spot
The Premier League is progressing with plans to develop an anchoring system, which would place a hard cap on a club’s spending regardless of the revenue they earn.
Press Association have examined the anchoring system, which could be introduced ahead of next season, and where this could all end up: Why do those who backed the proposal support anchoring? The idea of anchoring is to ensure a greater degree of competitive balance in the league by reining in the spending of the richest clubs.
EFL chairman Rick Parry has long criticised the distorting impact of parachute payments on competitive balance in the Championship. An anchoring system similar to the one proposed in the Premier League could go a long way to limiting the impact of parachute payments, or wipe out that impact completely.
What are the other considerations? You would expect that any economic and legal analysis of anchoring must also take in whether it could withstand a challenge under competition law.
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