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), seeking to double solidarity payments to the 72 EFL clubs. The 10-year proposal, which includes an increase in Premier League transfer levy revenue, was presented last week after the Premier League clubs approved it in July. However, the EFL has not yet accepted the proposal, and negotiations between the two leagues continue.
If an agreement is not reached, the Independent Football Regulator could intervene. The dispute centers on parachute payments and the redistribution of funds, with the Premier League arguing that parachute payments encourage investment and the EFL contending that they distort competition.
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