Manchester United are among the Premier League clubs that will vote on a new and controversial salary cap as early as next month.
Ineos have introduced many cost-cutting measures since Sir Jim Ratcliffe became Manchester United co-owner. After 20 years of gross mismanagement from the Glazer family, it’s no surprise that the British billionaire has had to make changes.
Some of those changes saw over 300 employees made redundant, while the prices of match tickets have increased for members.
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United hope that more streams of revenue will, in turn, generate more money to spend on new signings in the transfer window. The club are currently trialling E-Bars at matches following a successful trial during United’s 2-0 win over Sunderland before the international break.
Now, a new rule being put forward for the Premier League could make that a lot harder for clubs like United in the transfer market.
Bruno Fernandes clapping the fans
Photo by Ian Horrocks/Sunderland AFC via Getty Images
Man Utd opposed to Premier League salary cap
A new ‘salary cap’ could be introduced to the Premier League as early as next month.
Every Premier League club is set to vote on whether they are in favour of the new rules.
According to the Daily Mail, United and Man City are known to be opposed to the system.
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This comes from the fear that a salary cap would see the Premier League overtaken by foreign leagues.
“This will kill the status as the best league in the world and all the money that brings,” one executive told the Mail. “It feels like we are being sleepwalked into disaster.”
Many believe the move would stop English clubs from paying wages similar to those offered by the rest of the continent’s elite clubs.
In turn, that means top players like Bruno Fernandes would be at risk, with the likes of Real Madrid, Barcelona and Bayern Munich likely to benefit most.
What has Sir Jim Ratcliffe said about the ‘salary cap’ idea?
Ratcliffe has made it no secret that he feels a ‘salary cap’ concept would cause more harm than good for the Premier League.
He said: “[Anchoring] would inhibit the top clubs in the Premier League,” Ratcliffe said, as quoted by the Mail.
“And the last thing you want is for the top clubs in the Premier League not to be able to compete with Real Madrid, Barcelona, Bayern Munich, PSG – that’s absurd. And if it does, it then ceases to be the finest league in the world.”
Ratcliffe’s comments are probably the biggest indication we have that United won’t be voting in favour of a salary cap.
It is understood that the PFA view the proposed rules as being a hard salary cap and implementing it would come with many obstacles.