Sports
Premier League clubs vote in new ‘squad cost ratio’ rules
Premier League clubs voted on Friday to overhaul the division’s financial regulations from the start of next season — but rejected controversial plans to introduce “anchoring.”
The league’s Profitability and Sustainability Rules (PSR) will be scrapped in favour of Squad-Cost Rules (SCR), which limit clubs to spending no more than 85% of their football revenue and net profit or loss from transfers.
The Premier League confirmed in a statement that “a multi-year allowance of an extra 30% will incur a levy and once the allowance is exhausted, they will need to comply with 85 per cent or face a sporting sanction.”
The move to SCR brings the Premier League more into line with UEFA, which currently dictates that clubs participating in its competitions must spend no more than 70% of revenue on football costs.
Clubs have also approved new Sustainability and Systematic Resilience (SSR) proposals which the Premier League described as “assessing a club’s short, medium and long-term financial health through three tests — Working Capital Test, Liquidity Test and Positive Equity Test.”
A source has told ESPN that the SSR vote passed unanimously but there were just seven clubs who supported ‘top-to-bottom anchoring’ (TBA), a proposal which would have limited any club from spending more than five times the money earned in the previous season by the league’s bottom club from centralised payments — prize money, television fees and collective commercial income.
“The new SCR rules are intended to promote opportunity for all clubs to aspire to greater success and brings the League’s financial system close to UEFA’s existing SCR rules which operate at a threshold of 70 per cent,” the Premier League said in a statement.
“The other key features of the League’s new system include transparent in-season monitoring and sanctions, protection against sporting underperformance, an ability to spend ahead of revenues, strengthened ability to invest off the pitch, and a reduction in complexity by focusing on football costs.”
– Chelsea’s Cole Palmer out vs. Burnley after freak injury at home
– Pep Guardiola sends bullish title warning to Arsenal, Liverpool
– Diogo Jota tragedy no excuse for Liverpool form – Arne Slot
The votes conclude two years of consultations which included trialling both SCR and TBA over last season and the current one in the form of shadow monitoring to help clubs understand how to comply were the changes brought in. SCR replaces PSR, which limited clubs to a maximum loss of £105 million ($137.2m) over a rolling three-year period.
The decision to reject anchoring will draw particular attention given its supporters believed the move would improve the competitive balance of the league. However, the Professional Footballers Association has argued that any cap on spending could affect players’ wages, while sources say concerns were raised that top English clubs would not be able to compete in the transfer market for the world’s best players if a hard spending cap was introduced.
Three of the sport’s biggest agencies — CAA Stellar, CAA Base and Wasserman — had threatened potential legal action by suggesting the introduction of TBA would be in contravention of section two of the UK’s Competition Act. Linking the limit to revenue rather than a fixed number based on centralised contracts gives clubs more flexibility.
CHAMPAIGN, Ill. — Morez Johnson Jr. had 19 points and 11 rebounds against his former team as No. 3 Michigan defeated No. 10 Illinois 84-70 on Friday night and clinched the Big Ten regular-season title.
Johnson, who played for the Illini last season after verbally committing three years earlier, was booed throughout the game by Illinois fans.
Aday Mara had 19 points on 8-for-9 shooting, and Yaxel Lendeborg finished with 16 points and seven rebounds for the Wolverines (27-2, 17-1), who are 10-0 on the road and have won 23 games by 10 or more points.
The Wolverines won their first outright conference regular-season title since 2014, when they also clinched with a win at Illinois.
Michigan’s 17 conference victories are the most in school history.
Keaton Wagler scored 23 points for the Fighting Illini (22-7, 13-5), who have lost four of six, including three in overtime. Wagler scored in double figures for the 21st straight game.
Kylan Boswell scored 15 points, and David Mirkovic had 12 points and 10 rebounds for the Illini, who entered the game as the Big Ten’s top 3-point shooting team. Illinois was just 9-of-29 from distance against Michigan.
Michigan led 38-31 at halftime behind Johnson’s 13 points.
Down 16-11 after a four-point play by Wagler, the Wolverines responded with an 11-point run capped by a 3 by Johnson and never trailed again. They led by as many as 21 points in the second half.
Michigan’s win snapped a nine-game losing streak against Illinois that began in 2019. The Wolverines had dropped four in a row to the Illini at the State Farm Center.
Kelly Inouye-Perez became the winningest coach in UCLA softball history when the No. 9 Bruins beat No. 4 Florida 15-12 on Friday night in the Judi Garman Classic in Fullerton, Calif., pushing her past mentor and Hall of Famer Sue Enquist for career victory No. 888.
It was Enquist, in fact, who crowned her.
Literally.
Enquist was part of the postgame celebration, stepping forward to present Inouye-Perez with a crown that had blue gemstones to match the UCLA uniforms players wore in the victory. Inouye-Perez grew emotional as she explained how much it meant to carry on a proud UCLA legacy.
Only three women have coached the winningest softball program in Division I history: Inouye-Perez played for the other two, Sharron Backus and Enquist, during her UCLA playing career. They each have 800-plus victories, and are responsible for all of UCLA’s 2,226 wins and 13 national championships.
In a phone call with ESPN after the victory, Inouye-Perez deflected praise and made sure to credit longtime assistant and best friend Lisa Fernandez as well. The two played at UCLA together and have been side by side since Inouye-Perez became head coach in 2007.
“When we talk about the Bruin family, it’s real, and that’s all I’m trying to do is sustain this tradition of excellence for all those that built this historic program,” Inouye-Perez said. “There is no other program that has sustained over six decades like UCLA softball and Lisa and I are doing our best to be able to do that.”
Inouye-Perez, in her 20th season as UCLA head coach, arrived in Westwood in 1989 as a catcher. She would ultimately win three national championships as a player. Her coaching career began as a UCLA assistant under Enquist immediately after her playing career ended.
This season marks her 38th straight year with UCLA softball. She remains the only person in Division I history to win a national championship as a player and coach.
Sachin Chandan breaks down all the action from the last “SmackDown” before Elimination Chamber 2022. Follow live.
Source link
India’s real GDP estimated to grow 7.6% in FY26 under new base FY23
Trump says US won’t intervene in Islamabad-Kabul conflict
South Korea’s Misto Holdings completes planned leadership transition
-
Tech1 week agoA $10K Bounty Awaits Anyone Who Can Hack Ring Cameras to Stop Sharing Data With Amazon
-
Business1 week agoUS Top Court Blocks Trump’s Tariff Orders: Does It Mean Zero Duties For Indian Goods?
-
Fashion1 week agoICE cotton ticks higher on crude oil rally
-
Tech1 week agoDonald Trump Jr.’s Private DC Club Has Mysterious Ties to an Ex-Cop With a Controversial Past
-
Entertainment1 week agoThe White Lotus” creator Mike White reflects on his time on “Survivor
-
Politics6 days agoPakistan carries out precision strikes on seven militant hideouts in Afghanistan
-
Business7 days agoEye-popping rise in one year: Betting on just gold and silver for long-term wealth creation? Think again! – The Times of India
-
Politics1 week agoUS Supreme Court strikes down Trump’s trade tariff measures