Premier League clubs have failed to reach an agreement on a new financial deal for the English Football League (EFL), resulting in a stalemate over a proposed £998m package. The deadlock occurred after clubs demanded new financial controls, aligned with UEFA's squad cost ratio rules, be agreed upon before any additional funds are approved for lower leagues. An emergency meeting ended without a vote on the matter, as clubs were too divided to proceed. This situation has sparked criticism, with some arguing that the failure to agree on a deal harms the Premier League itself, as many elite players, managers, and executives have developed their skills within the EFL's pyramid. Premier League clubs have agreed to prioritize the swift development and implementation of a new League-wide financial system.
The Premier League’s proposed financial settlement with the EFL is in danger of collapsing after the latest attempt to secure an agreement was blocked by a group of top-flight clubs Read the full story ⬇️ | ✍️ @martynziegler https://t.co/lNQSLn8CUG
Premier League faces backlash after failing to agree financial deal with EFL https://t.co/J6Ed0sGXLr
Don’t mean to open old wounds but we’re in “no deal” territory again. And this saga is just as frustrating as Brexit. PL clubs have again failed to agree on an improved funding package for the EFL. And will focus on sorting out their FFP rules first. https://t.co/URvgMzGNEN
Premier League clubs have again failed to agree on a new funding package for the English Football League (EFL), with club bosses too divided on the matter to even put it to a vote at an emergency meeting on Monday. More from @mjshrimper ⬇️ https://t.co/mAlYUyNNNh
Premier League clubs have failed to reach an agreement over an #EFL funding deal. #BBCFootball #PL
Failure by @premierleague clubs to agree financial deal for @EFL simply harms themselves. So naive of them. Elite players, managers even chief executives learned parts of their trade down the pyramid. Column @TimesSport
Premier League clubs have reached a stalemate over a new £998m deal for the EFL 🤨 @johncrossmirror https://t.co/xRrS8BW0nw https://t.co/5PtpwXje58
BREAKING: Premier League clubs have agreed to prioritise the swift development and implementation of a new League-wide financial system. The new system will be aligned with UEFA's squad cost ratio rules 👇 https://t.co/1OIrQAAejX
🚨 BREAKING: Premier League shareholders' meeting ends with no new deal for EFL clubs, with no vote taking place https://t.co/ztpRwxcCMP
🚨 BREAKING: Premier League shareholders' meeting ends with no new deal for EFL clubs with no vote taking place. https://t.co/DxW0xyk1hh
Premier League fails to persuade clubs to accept a financial deal for the EFL - instead clubs demanding new financial controls are agreed before they will approve any extra cash to the lower leagues.
Premier League meeting has finished with no deal reached for the EFL. Didn’t even get to a vote. Until new Prem agreement reached on PSR and until clubs know their budgets they won’t vote in a deal. Deadlock. More on @MirrorFootball