Why Man United voted against potential Premier League financial change

Manchester United were among a minority of clubs to vote against a proposal for a spending cap to be introduced in the Premier League.

Premier League clubs have agreed “in principle” to a cap on spending for the first time despite opposition from three clubs.

On Monday, United were one of three clubs to vote against the change, with Manchester City and Aston Villa being the other two, as first reported by The Times.

Chelsea, meanwhile, abstained from their vote.

The proposal known as “anchoring” would restrict all Premier League clubs to spending a proportion of the amount the bottom club receive in TV and prize money on transfers, wages and agents fees.

There is an aim to hold a full vote at the Premier League’s annual general meeting in June.

According to ManchesterWorld, the reason that United were one of the few teams to object to the proposal this week was because they believe the new rules would unfairly penalise the club for their own success.

United have generated self-sustaining revenues which have been built over decades of success on and off the pitch.

The report added that The Reds believe the proposed measures to level out domestic competition would instead pose a risk of undermining the competitiveness of the leading Premier League clubs in European competition.

It was suggested that could potentially damage the standing of the Premier League globally.