Walsall back salary cap in principle but await further information
Walsall back the idea of a salary cap in League Two – but they are still waiting on guidance from the EFL on how it would be implemented, the Express & Star understands.
The spending limit is set to be introduced at League One and Two level, if it – as expected – gains enough support from member clubs.
The aim of the cap, which is believed to limit squad salaries to £2.5million in League One and £1.5million in League Two, is to help lower-league clubs recover in the wake of the coronavirus pandemic.
It will also go some way to ensuring clubs spend within their means, to avoid another scenario which led to Bury’s expulsion from the EFL last summer.
The vote is believed to take place on July 29 and to be in effect for the 2020/21 season.
It’s understood that Walsall agree with a salary cap in principle, but that they are awaiting further information from the EFL on it.
Chairman Leigh Pomlett has previously backed a cap on wages and squad sizes, believing it will create a more level playing field for clubs in the fourth tier.
There was a meeting between EFL bosses and clubs last week to canvas opinion on the cap, with the vast majority in support.