The disagreement between the Prem and EFL continues and it’s all about money. I wrote about this last month , mentioning that the old Football League multi-employers DB pension scheme was hurting the lower league clubs with legacy liabilities but barely touching the sides of the finances of the big clubs.
I suggested that the time was right for a Premier League Chair or CEO or CFO to talk with someone who knows a bit about pensions and capital and get this sorted out.
A proposal has been made to the EFL and Premier League clubs. The benefits of the proposal are here
I am happy to make introductions because right now , nobody is making much progress and this won’t end well for the game.
henry@agewage.com 07785 377768 to discuss
This from the BBC
The plan for an independent regulator in English football was recommended by a fan-led review in 2022
A meeting between Premier League clubs on Monday ended without an agreement on a ‘New Deal’ for EFL funding.
Top-flight clubs were last month told that failure to reach a funding deal with the English Football League (EFL) would mean one being imposed on them.
The Premier League said in a statement its clubs had agreed to introduce a new competition-wide financial system.
It said that progress on a deal with the EFL was subject to the new system being approved by clubs.
The new financial system, likely to be based on Uefa’s model, would replace the current profit and sustainability rules (PSR) which permit clubs to lose a maximum of £105m in a three-year spell.
Everton were deducted 10 points, reduced to six after an appeal, for breaching the rule in the three-year period to 2021-22. They and Nottingham Forest have also been charged for alleged breaches in their accounts for 2022-23 and are waiting for their cases to be heard.
Uefa’s rules limit spending on player and coach wages, transfers, and agent fees to a percentage of the club’s revenue starting at 90% this season and reducing to 70% from 2025-26.
It is possible there will be a vote on bringing in the new regulations in June at the Premier League AGM.
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.
The overall sum, which would be partly tied to future TV revenues, is expected to be around £900m over six years.
The EFL has a board meeting on Thursday, where the continued absence of a deal will be high on the agenda.
Premier League clubs last met on 29 February in another attempt at agreeing a deal.
But after no progress was made, Culture Secretary Lucy Frazer issued her warning that the new Football Regulator would intervene if a deal was not agreed.
The UK government confirmed a new independent body in English football in February. Among its purposes is to ensure a fair distribution of money filters down the English football pyramid from the Premier League.
The Premier League’s statement said its clubs had “agreed to prioritise the swift development and implementation of a new league-wide financial system” which will “provide certainty in relation to their future financial plans and ensure the Premier League is able to retain its existing world-leading investment to all levels of the game”.
It added: “Alongside this, Premier League clubs also re-confirmed their commitment to securing a sustainably-funded financial agreement with the EFL, subject to the new financial system being formally approved by clubs.”
