The Premier League 2023/24

[Joe Baker Legend]

Premier League clubs have agreed in principle to a spending cap.

This will anchor spendings to around five times the TV revenue of the bottom club.

Man City, Man Utd and Aston Villa were the only teams who voted against the move. Chelsea abstained.

Change to be ratified this summer.

(Source:
@MartynZiegler)

Does that mean spending is equal across the league???

Not sure, but that is how I interpret it.