Premier League agree EFL funding deal which could be worth £1.5bn
Premier League clubs have agreed for a new funding proposal to be put to the EFL, which could be worth £1.5bn.
The agreement was decided upon on Thursday and was unanimous, with the Premier League stating that the deal is “long-term”, according to PA. Sky Sports previously said the deal will cover the next decade.
It comes after talks stalled in 2024 and after the introduction of the Independent Football Regulator.
The EFL, which controls the professional pyramid below the top flight Premier League, will now discuss the proposals with its member clubs.
An EFL spokesperson said: “The EFL notes the Premier League’s position following its meeting with clubs earlier today, and now looks forward to receiving its formal proposal for consideration.
“This follows constructive discussions involving the EFL, Premier League and Independent Football Regulator over recent months.
“The EFL Board will then review the full detail of the proposal, including its potential benefits, implications and alignment with the long-term interests of our 72 clubs, ahead of further dialogue with the Premier League.
“The proposal will then be discussed in detail with our member clubs to determine next steps. No further comment will be made at this time.”
Premier League votes for deal
There could also be an increase to a transfer levy, which is different to the 10 per cent levy on all Premier League transfers touted in the fan-led review chaired by former Conservative MP Dame Tracey Crouch in 2021. Contributions from the top flight to the EFL will be proportionate to a club’s earnings.
There was a meeting of top football bigwigs earlier this week, with conversations with EFL chiefs also said to have taken place. David Kogan, chair of the aforementioned Independent Football Regulator, wanted a swift deal from all parties in a statement he made in February when the quango got powers to impose a solution on all parties should they be unable to agree a settlement.
The IFR declined to comment to PA.