Premier League clubs unanimously approve new EFL funding proposal
Premier League clubs have unanimously approved a new long-term funding proposal to be presented to the English Football League, marking a major breakthrough in stalled financial discussions.
The top-flight division announced on Thursday that the comprehensive plan is slated to commence ahead of the 2026-27 season.
This crucial development revives the so-called ‘New Deal’ negotiations after talks over financial redistribution completely halted earlier this year.
A decade-long financial commitment
While specific details remain officially unconfirmed, previous reports indicate the structure encompasses a 10-year period featuring an increased transfer levy.
Contributions from the 20 member clubs are also expected to be calculated proportionately based on their individual commercial and broadcasting earnings.
The breakthrough follows a high-level summit held on Tuesday between senior executives from both football bodies and the Independent Football Regulator.
Moving towards a strategic partnership
An official statement confirmed that teams voted to endorse the funded structure to create a collaborative relationship with the lower divisions.
“The long-term proposal, which would start in season 2026/27, will now be formally offered to the EFL for discussion with its clubs.”
The world’s richest domestic league already maintains existing commitments to invest a record £1.6bn into the wider game and local communities every three years.
“The Premier League remains committed to finding a football-led solution and looks forward to continuing discussions with the EFL on progressing this proposal.”
The ticking clock of regulation
Regulatory chair David Kogan had previously warned administrators that time was rapidly running out to reach an amicable financial settlement.
The independent watchdog possesses statutory backstop powers to legally impose a redistribution solution if the respective leagues fail to agree on terms.
Speaking earlier this year, Kogan emphasised that unchecked financial disparity between the tiers could spell a death sentence for vulnerable professional teams.
Representatives for the 72 clubs outside the top division confirmed they are now awaiting the formal presentation of the financial offer.
“The EFL Board will then review the full detail of the proposal, including its potential benefits, implications and alignment with the long-term interests of our 72 clubs.”