Liverpool development amazes Keith Wyness – ‘it’s hard to understand’
Everton’s former chief Keith Wyness has insisted he is shocked Liverpool voted in favour of a Premier League spending cap.
Speaking on the new edition of Football Insider’s Inside Track podcast, the 66-year-old – who served as CEO at Goodison Park between 2004 and 2009 and now runs a football consultancy advising elite clubs – claimed Fenway Sports Group would’ve seen the Reds’ value increase more with the current rules in place.
On Monday (29 April), Premier League clubs voted in favour of developing plans to introduce a spending cap.
The rules would limit outlay on transfers, wages and agents’ fees, with a cap likely to be anchored to between four and five times the amount the lowest-earning Premier League club receives in TV revenue.
16 clubs voted for the plans, with only Aston Villa, Man City and Man United voting against and Chelsea abstaining.
Wyness can’t believe ‘strange’ Liverpool news – ‘I’m stumped’
Wyness admitted it is “strange” to see American-owned clubs like Liverpool and Arsenal vote in favour after the success of stricter caps in the NBA, NFL, MLB, etc.
He told Football Insider‘s Insider Track podcast: “I find it very strange that Liverpool and Fenway Sports Group voted for it.
“It’s hard to understand.
“The American owners understand the value of a wage cap, and the value of their investment would’ve gone up further if that cap was reduced further.
“Perhaps they feel the proposals give them enough headroom, and they feel it is enough to spend on a squad.
“But I’m stumped. I expected all the big American owners to vote against these new rules.”
In other news, Liverpool have “concrete” interest in signing Burnley star.
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