Bournemouth owner Bill Foley has called for the introduction of a 'hard salary cap' to limit the spending of clubs like Newcastle United. The American investor led a consortium which completed a reported £150 million of the Cherries in December, adding to his portfolio of sporting investments including NHL franchise Las Vegas Golden Knights.
Foley celebrated a Stanley Cup triumph in a parade of the city earlier this month, with the ice hockey side defeating the Florida Panthers in a five-match series. The 78-year-old believes the NHL's salary cap should be implemented in the Premier League in order to boost the competitiveness of the division.
Foley also suggested it would limit the advantage of 'sovereign'-backed clubs such as champions Manchester City and Newcastle. The owner's recommendation comes amid recent reports that Premier League sides are mulling over a spending cap which would be tied to the bottom side's television revenue.
