Key facts
- Premier League clubs have unanimously voted to approve a proposal to share an additional £1.5 billion with EFL clubs over the next decade.
- The Premier League's offer will run for 10 years and includes a "lifeboat" fund for clubs in crisis and one for infrastructure.
- Premier League clubs have reportedly agreed to raise the transfer levy applied to top-flight deals from 4% to 6% to cover the extra costs.
- The EFL has acknowledged "constructive" discussions and will review the proposal's benefits and implications for its 72 clubs.
- The funding row has been ongoing since a fan-led review in 2021.
- The Independent Football Regulator has a backstop power to force a settlement if no deal is agreed.
Premier League clubs have unanimously agreed to a proposal that would see an additional £1.5 billion shared across English football's pyramid over the next decade. The offer, which follows extensive discussions with the English Football League (EFL), will now be presented to the EFL's board for consideration.
The Premier League's "new deal for football" aims to reset financial distribution and includes funds for clubs in immediate crisis and for infrastructure development. To finance this, Premier League clubs have reportedly agreed to increase the transfer levy on top-flight deals from 4% to 6%.
The funding dispute has been ongoing since a 2021 fan-led review of the sport. Government officials had previously warned that a settlement would be imposed if the leagues failed to agree. While there is cautious optimism, the EFL has yet to officially receive the offer and will scrutinize its full details, including potential benefits and implications for its 72 member clubs.