Crystal Palace chairman Steve Parish has stated that talks are being held about the implementation of a strict salary cap in the Premier League.
The league is considering a number of strategies to preserve competitive balance, such as anchoring, which would limit the richest team's salary costs to a multiple of the revenue generated by broadcasting by the bottom club. Parish stated that a maximum salary cap was also being explored. The Premier League is anticipated to follow UEFA's new structure, under which teams would be limited to spending 70% of their turnover on wages and transfers but having the amount at 85%.
"There are really positive conversations going on about it. We also have to be very careful because there are also unintended consequences. Hopefully, we will get somewhere that will be beneficial. Not just to the clubs in the Premier League but to the whole pyramid and their ability to compete. We are voting for our competitors to be able to do better and challenge us.""I think everybody is moving toward it .
the 'blackout' issue in the Premier League that currently blocks any sort of telecast of the Saturday afternoon kick-offsThe introduction of a potential salary cap would likely face hurdles from the bigger clubs as it would affect them the most going forward.
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