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\n

Premier League clubs on Monday, voted in favour of a proposal that would impose restrictions on spending on transfers, wages and agent fees, the UK Times reports.<\/p>\n

The proposal will limit spending for top clubs to a fixed amount that the bottom side receives in TV money.<\/p>\n

It was a unanimous vote, which was achieved with the necessary majority of 14 votes.<\/p>\n

At the Premier League shareholders\u2019 meeting, the proposal got the support of 16 of the 20 teams.<\/p>\n

Manchester City, Manchester United and Aston Villa voted against it. Chelsea opted to abstain.<\/p>\n

The idea is that stopping clubs from spending so freely will create a more competitive Premier League, rather than one that is dominated by only one or two extremely wealthy clubs.<\/p>\n

Premier League clubs agree salary cap<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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