March 12 – A meeting between English Premier League clubs on Monday ended without an agreement on a new deal for funding clubs lower down the pyramid.
Top-flight clubs were last month warned that failure to reach a funding deal with the English Football League would mean one being imposed on them.
It had been expected the Premier League would emerge from Monday’s meeting with tangible proposals to put forward to the EFL.
But despite a willingness to reach a deal it has remained elusive amid continuing issues over how an overall package would be paid for.
There is a feeling among some clubs that “bigger” members of the league should contribute a greater percentage. As a result the meeting ended with clubs opting instead to pursue reform of their own financial regulations that will ultimately replace the current profitability and sustainability rules (PSR).
The new financial system, likely to be based on UEFA’s model, would replace the current PSR rules which permit clubs to lose a maximum of £105 million in a three-year spell.
The EFL has a board meeting on Thursday, where the continued absence of a deal will be high on the agenda.
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