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.

Cataleya

Share
Published by
Cataleya

Recent Posts

Modern Pentathlon Transforms with Obstacle Running at LA 2028

Modern pentathlon will undergo a significant transformation at the Los Angeles 2028 Olympics as obstacle…

15 hours ago

Malaysia Claims First Men’s Gold in Sea Table Tennis History

Malaysia claimed their first-ever men’s team gold at the Sea Table Tennis Championships in Bangkok,…

15 hours ago

Andy Farrell Confident in Sam Prendergast Ahead of Fiji Test

Andy Farrell, Ireland head coach is confident that 21-year-old fly-half Sam Prendergast is ready for…

15 hours ago

Na-Rin An Tops Leaderboard at CME Group Tour Championship

Na-Rin An of South Korea holds a slim one-shot lead after the first round of…

16 hours ago

Scotland Defeats Switzerland to Set Up Men’s Final with Germany

Scotland will face Germany in the men's final at the European Curling Championships after a…

16 hours ago

Neil Robertson Meets Judd Trump in Thrilling UK Championship

Neil Robertson will face world number one Judd Trump in the first round of the…

16 hours ago