The celebrated Perron-Frobenius (PF) theorem is stated for irreducible nonnegative square matrices, and provides a simple characterization of their eigenvectors and eigenvalues. The importance of this theorem stems from the fact that eigenvalue problems on such matrices arise in many fields of science and engineering, including dynamical systems theory, economics, statistics and optimization. However, many real-life scenarios give rise to nonsquare matrices. Despite the extensive development of spectral theories for nonnegative matrices, the applicability of such theories to non-convex optimization problems is not clear. In particular, a natural question is whether the PF Theorem (along with its applications) can be generalized to a nonsquare setting. Our paper provides a generalization of the PF Theorem to nonsquare matrices. The extension can be interpreted as representing client-server systems with additional degrees of freedom, where each client may choose between multiple servers that can cooperate in serving it (while potentially interfering with other clients). This formulation is motivated by applications to power control in