The Premier League has been given a mandate by its clubs to negotiate a new deal with the EFL and the Football Association covering issues such as financial distribution and the future of domestic cup competitions.The PA news agency understands the ‘New Deal For Football’, which would result in the Premier League distributing a greater percentage of the revenue it generates to the EFL and the pyramid than it does currently, was given clubs’ backing in an informal vote at a top-flight shareholders’ meeting on Tuesday.The league will now discuss the proposals with the EFL and the FA in a bid to seek a game-wide agreement.It is understood the ‘New Deal’ would see the introduction of merit-based payments determined by the finishing positions of the EFL’s 72 clubs, chiefly to try to reduce the ‘cliff edge’ in revenues between the Championship and the Premier League.Reform of financial support for relegated clubs is also being looked at, amid repeated calls from EFL chairman Rick Parry to abolish parachute payments. Manila
The Premier League has been given a mandate by its clubs to negotiate a new deal with the EFL and the Football Association covering issues such as financial distribution and the future of domestic cup competitions.The PA news agency understands the ‘New Deal For Football’, which would result in the Premier League distributing a greater percentage of the revenue it generates to the EFL and the pyramid than it does currently, was given clubs’ backing in an informal vote at a top-flight shareholders’ meeting on Tuesday.The league will now discuss the proposals with the EFL and the FA in a bid to seek a game-wide agreement.It is understood the ‘New Deal’ would see the introduction of merit-based payments determined by the finishing positions of the EFL’s 72 clubs, chiefly to try to reduce the ‘cliff edge’ in revenues between the Championship and the Premier League.Reform of financial support for relegated clubs is also being looked at, amid repeated calls from EFL chairman Rick Parry to abolish parachute payments. ESPN