Premier League Clubs Fail to Reach EFL Funding Agreement in 'New Deal' Talks

A meeting among Premier League clubs on Monday concluded without reaching an agreement on a ‘New Deal’ for EFL (English Football League) funding. The Premier League clubs were warned that a funding deal failure with the EFL would result in an imposed deal.

A new competition-wide financial system potentially based on Uefa model is being considered to replace the current profit and sustainability rules. Despite a willingness to make a deal, challenges persist regarding how the package would be financed. Some clubs feel that larger members should contribute more.

The expected overall sum, tied to future TV revenues is around £900m over six years. The EFL has a board meeting on Thursday where the absence of a deal will be a key agenda item. The Premier League statement indicates a commitment to a new financial system and a sustainably funded agreement with the EFL pending formal approval by clubs.

The UK government’s new Football Regulator may intervene if an agreement is not reached. The Premier League clubs aim to prioritize the swift development and implementation of a new league-wide financial system to provide certainty and retain investment across all levels of the game.