Arsenal, Tottenham and Chelsea have not aligned on the proposals which have seen Premier League clubs agree in principle to a spending cap.Three clubs voted against the movement, Manchester United, Manchester City and Aston Villa.
Chelsea were the only team to abstain whereas Mikel Arteta and Ange Postecoglou’s side’s were part of the 16 teams in favour who helped push the vote to succeed. When looking at what these new rules entail, it certainly becomes rather clear as to why this is the case.
Clubs in England’s top flight will be anchored to spending around five times the amount the bottom club received in television revenue. After the vote was successful, it will now go to an Annual General Meeting before it can be officially passed.
At the meeting, further details of the proposed cap would be discussed including its size, potential punishments and when it would come into effect if it does indeed materialise. Why the north London clubs voted differently to Chelsea can be explained but not entirely.
From the Gunners' perspective, they have been one of the highest-spending sides in the league in recent seasons. They flirted with the boundaries of Profit and Sustainability Regulations last summer hence why David Raya arrived initially on loan and why no signings were made in January despite a successive title push in full flow.
Arsenal have managed to entirely restructure their squad, overhauling Arteta’s selection considerably whilst still maintaining a relatively level wage bill. In fact, the team which finished eighth under his management and was ripped up was understood to have a slightly higher wage bill than the squad which finished second last season.
That is no longer the case with the latest renewals and big-money
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