Soccer-Premier League clubs vote in favour of spending cap, BBC reports

Premier League clubs have agreed in principle to implement a spending cap after receiving majority support with a final vote expected in June, the BBC reported on Monday.

The clubs have tentatively agreed to put a limit on how much money they can spend, with the cap based on how much money the lowest-earning club in the league makes from television rights.

"If approved in June's AGM, the new model will replace the current Profit and Sustainability Regulations from the 2025-26 season," the BBC said.