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Post by rugbytoffee on Mar 22, 2023 14:18:35 GMT
The English Football League have reportedly been offered a "£30m-a-year sweetener" by the Premier League to secure a deal over the sport's future funding. Sky News claim that the top flight is prepared to pass down an extra £125million - up from the previously proposed £95m a year - in addition to existing payments. Sky also say the system of parachute payments would be reformed and a new distribution model introduced.
Should the revised proposal, which was tabled during a meeting of Premier League and EFL executives, be approved, the new funding would be in addition to existing financial contributions totalling hundreds of millions of pounds a year made by the Premier League to the EFL. The package follows months of talks about a so-called 'New Deal for Football'.
It is 'unclear' at this stage whether the EFL board, which is led by chairman Rick Parry and Trevor Birch, chief executive, will support the Premier League's latest proposal. It is thought any agreement between the two - with the Football Association also involved in the discussions - would include strict conditions on cost controls to avert future profligacy from lower-league clubs.
It might also mean more of the money distributed by the Premier League being spent on items other than players' wages, such as infrastructure, and entail reforming the current system of parachute payments made by the top flight to clubs relegated to the Championship.
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Post by Avinalaff on Mar 23, 2023 6:48:50 GMT
All the money pumped in to the game has been eaten up by greed.
The cost to sign players has gone through the roof, as have their wages, while entertainment value for fans has gone down. Football in the hands of the television companies is a bad thing.
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