Deloitte Advises 70 Percent Salary Cap To Premier League Clubs
Posted: Thu Jun 11, 2020 6:08 pm
Deloitte recommended Premier League clubs introduce an internal salary cap based on 70 percent of their revenue to ensure their long-term future.
\"You\'ve got 107 percent of revenue going out on wages. You can see the problem looming,\" Deloitte\'s Dan Jones said in a statement.
\"A salary cap is a blunt instrument, but if you can only spend 70 percent of revenue on salary, and applied that in 2018-19, you take £300 million out of the wage bill and wipe out the losses.\"
Via ESPN