Premier League clubs have once again failed to reach an agreement on a proposed ‘New Deal’ for the EFL, leaving the 72 clubs in the Football League uncertain about their financial futures. The deal, which would have been worth £900m over six years, was postponed until after the Premier League’s AGM in June. This delay has caused frustration among EFL clubs, with Preston North End chairman, Peter Ridsdale, criticizing the lack of progress.
The EFL issued a statement expressing disappointment in the Premier League’s failure to present a new funding offer. They called for ‘independent input’ to help facilitate an agreement. Despite pressure from various stakeholders, including the government, fans, and other football clubs, the Premier League’s inability to deliver on their commitment to a sustainably funded financial agreement with the EFL has hindered progress.
The EFL emphasized the importance of financial redistribution and enhanced cost controls to ensure the long-term sustainability and competitiveness of lower league clubs. They eagerly await the introduction of the Football Governance Bill and hope for further engagement with the government to secure the future of the football pyramid. It is crucial that work begins on the State of the Game Review to establish a sustainable football model for all levels of the sport.
