The Premier League says it is determined to finalize a new funding agreement with the English Football League (EFL) as quickly as possible.
The league confirmed that a 10-year proposal, which would double solidarity payments to the 72 EFL clubs, was formally submitted last week after Premier League clubs gave it approval in July.
The deal is worth an additional £1.8 billion to EFL clubs, according to BBC Sport. Part of the funding is expected to be raised through an increase in the Premier League’s transfer levy. Negotiations are still ongoing, as the EFL has yet to accept the offer.
In a statement released after a meeting of its member clubs, the Premier League said talks over a new strategic partnership with the EFL were continuing.
“Since a fair and generous proposal was formally offered to the EFL last month, discussions have continued between the leagues’ executives,” the statement read. “The Premier League remains committed to concluding a football-led solution as soon as possible so additional money can flow to EFL clubs this season.”
If no agreement is reached, the Independent Football Regulator could step in and impose a settlement using its backstop powers.
Under the proposal, the second leg of the Carabao Cup semi-finals would be scrapped, and measures would be introduced to ensure the extra funds are not used solely for player wages.
The financial redistribution dispute has dragged on for years, following the fan-led review of football governance in 2021.
A major sticking point remains parachute payments to clubs relegated from the Premier League. The EFL argues the payments create an uneven playing field and push clubs to take excessive financial risks to win promotion, while the Premier League maintains they give relegated sides confidence to invest and help sustain the revenue that supports the wider pyramid.
The government had warned in March 2024 that it would impose a funding settlement if both parties failed to agree.
