Transfers
Liverpool's historic £1.5bn vote could reshape English football
Liverpool will cast its vote next week on a historic £1.5 billion EFL funding plan, a deal that could reshape the financial relationship between the Premier League and lower‑division clubs and secure the stability of English football’s ecosystem and ensure long‑term competitiveness across the pyramid.
English football has long sold itself as a single ecosystem, a vast and interdependent whole in which wealth at the summit sustains ambition further down the pyramid.
Premier League clubs are near a key vote on the £1.5 billion plan, with the expectation that at least 14 of the 20 clubs must support it for the proposal to pass.
If the threshold is met, annual solidarity payments to the EFL would start at just under £100 million and rise to around £160 million per season from the third year onward.
The scheme also raises the Premier League transfer levy from four per cent to six per cent, meaning clubs with the largest revenues, including Liverpool, would shoulder a greater share of the cost.
Parachute payments for relegated clubs would be reduced over time, and a new £20 million lifeboat fund would be created for EFL clubs entering administration.
Clubs receiving the new money would be required to invest 20 per cent of it in infrastructure such as training grounds and stadiums, reflecting a broader focus on long‑term sustainability.
Should the measure pass, attention will shift quickly to the EFL and to finalising the deal before the Independent Football Regulator issues its first State of the Game report later this year.
For Liverpool and its peers, the vote represents not only a funding decision but a statement on the kind of football country England wants to be.