A salary cap is set to be introduced to the Premier League, according to reports, despite three clubs 'voting against it'.
The Premier League has been exploring methods to curb spending amongst its clubs, with transfer fees and wages both rising exponentially in recent years.
They have already been in discussions about adopting UEFA's model, which allows clubs to spend 70 per cent of their own revenues on player wages. Clubs have already backed this proposal.
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Another plan presented by the Premier League was 'anchoring', which would limit spending to a multiple of the lowest club's broadcast revenue.
BBC Sport reporter Dan Roan explained this as, if the bottom club in the division earned £100 million, clubs could only spend £500 million on wages and fees that season.
He claimed that while clubs such as Manchester United were believed to have been opposed to the 'anchoring' plans, Arsenal, Liverpool and Tottenham were all said to be in favour of it over concerns that Middle Eastern-owned clubs, such as Manchester City, could dominate.
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Now, it appears Premier League clubs have had their say after a meeting in London on Monday.
According to Martyn Ziegler of The Times, Premier League clubs have agreed in principle for the spending cap known as 'anchoring' to TV earnings of the bottom club.
He also suggests that Manchester City, Manchester United and Aston Villa voted against the proposal, while Chelsea abstained. "[It] will now go to AGM," Ziegler added.
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The PFA have also issued a statement on the matter.
"We’ll wait to see details of proposals but we would oppose any measure that would place a ‘hard’ cap on player wages," it read.
"There is an established process in place to ensure proposals like this, which would directly impact our members, have to be properly consulted on.”
Featured Image Credit: GettyTopics: Premier League, Football, Liverpool, Arsenal, Manchester United, Manchester City