Premier League pushes for £1.8bn EFL funding deal
The Premier League says it remains committed to a £1.8bn funding deal for the English Football League, but the EFL has yet to accept the proposal. Read More: https://punchng.com/premier-league-pushes-for-1-8bn-efl-funding-deal/
The Premier League is pushing for a £1.8bn funding deal with the English Football League (EFL) to ensure additional financial support for 72 EFL clubs. This 10-year proposal, which was formally presented last week following its approval in July, aims to double solidarity payments to EFL clubs. The deal would also increase funding through an enhanced Premier League transfer levy.
However, the EFL has not yet accepted the proposal, and negotiations between the two leagues are ongoing. If an agreement cannot be reached, the Independent Football Regulator could step in to impose a settlement. The dispute centers on financial redistribution and parachute payments, with the Premier League arguing that they help sustain competition and encourage investment from relegated clubs.
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