Key facts
- The Premier League has proposed a "New Deal" to the English Football League.
- The proposed deal offers an additional £1.5 billion over ten years.
- The EFL has found the terms of the "New Deal" to be inadequate.
- The EFL is demanding more money from the Premier League.
- Betfred has closed 132 shops.
- The closure of Betfred shops highlights pressure on the gambling industry.
The English Football League (EFL) has indicated that the Premier League's "New Deal" proposal does not meet its financial expectations. The Premier League has put forward a plan that would inject an additional £1.5 billion into the EFL over a span of ten years. However, the EFL has responded by deeming these terms inadequate and is actively demanding more substantial financial support. This negotiation occurs against a backdrop of broader economic challenges impacting the gambling sector. Notably, Betfred, a prominent bookmaker, has recently announced the closure of 132 of its retail shops, underscoring the financial pressures within the industry. The EFL's stance suggests a continued push for a more equitable distribution of revenue from the top tier of English football.