The Premier League and the English Football League (EFL), which comprise the tournament as well as League One and League Two, are set to reach an agreement on a new financial package after two years of contention. Premier League clubs are under pressure from both the FA and the English government to agree on a financial package that will benefit smaller clubs.
“Premier League clubs can finally agree on a Premier League financial package worth several hundred million pounds,” the Daily Mail wrote, adding that Wednesday’s meeting was an emergency call.
The proposals in the package are called a “new football deal”, and Sky Sports writes that an agreement is finally nearing, after the two sides have diverged since the start of the Corona pandemic.
Relegation teams tremble
Part of the agreement being discussed will include a sharp cut in the umbrella payments owed to clubs relegated from the Premier League. Last season, Sheffield United, Fulham and Bournemouth were reported to have received £39m in the alleged solidarity money, while the rest of the Championship clubs received mostly £4.8m each.
The FA, led by former Liverpool chief Rick Barry, has long called for an end to the parachute system as it gives distressed teams too much of an advantage in the second tier. Barry was among those who supported the cursed project with the big picture precisely because it included proposals for more money for the EFL Association.
Now it looks like e might work its way around anyway. The size of the annual payments is not known, but the Daily Mail writes that it is clubs in League One and League Two in particular that will benefit from the new agreement – if it is voted on.
times He wrote this spring that the Premier League had pledged £1.6 billion to the Premier League over the next three years. This is about 10 percent of the league’s sales volume. For its part, the association demanded 25 percent – and received government support. It’s a suggestion Richard Masters, the Premier League chairman, believes would be disastrous for the league.
The amount of money included in today’s proposal is unknown, and there were no reports from Wednesday’s meeting. According to Sky Sports, it was only up for discussion and briefing on Wednesday. The vote itself will take place at a later time.
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