Funding breakthrough: Premier League pushes long‑term deal to EFL

Premier League clubs have unanimously endorsed a new funding proposal for the English Football League, marking a decisive step in the protracted ‘New Deal' talks. The announcement came on Thursday, signalling a long‑term partnership that could reshape financial redistribution between the two leagues from the 2026/27 season.

The unanimous vote reflects the clubs’ collective desire to secure a stable financial framework after talks stalled earlier in 2024. By agreeing on a single proposal, the Premier League aims to provide predictable revenue streams for the 72 EFL clubs.

The Premier League said the ‘long‑term’ proposal will be formally presented to EFL clubs for their consideration. It is slated to begin in the upcoming season, specifically the 2026/27 campaign.

This development follows a halt to financial redistribution discussions earlier in 2024, making the current agreement a crucial breakthrough. The proposal seeks to revive the stalled ‘New Deal' negotiations.

Sky News has reported that the plan spans a ten‑year period, includes an increased transfer levy, and ties contributions to each club’s earnings. These details were not confirmed by the Premier League in its statement.

A high‑level meeting on Tuesday brought together the chairs and chief executives of both the Premier League and the EFL, alongside the chair and chief executive of the Independent Football Regulator. IFR chair David Kogan also attended the session.

The Premier League’s statement read: “Premier League clubs today unanimously voted to approve a funded proposal for a new strategic partnership with the EFL.” The quote underscores the collective approval of the deal.

The league highlighted its existing long‑term funding commitments, noting a record £1.6 billion investment every three years into the wider game and communities. This financial pledge underpins the new proposal’s sustainability.

IFR chair David Kogan has previously warned that the “clock was ticking” on a new deal and that relegation could become a “death sentence” for clubs without a settlement. The regulator holds back‑stop powers to impose a solution if the leagues fail to agree.

An EFL spokesperson said the organization looks forward to receiving the formal proposal and will review its benefits, implications, and alignment with the long‑term interests of its clubs. The EFL Board will then discuss the details with its member clubs to determine next steps.