The Premier League has reaffirmed its commitment to concluding a 'New Deal' with the EFL as swiftly as possible. This proposed agreement would see solidarity payments to the 72 EFL clubs more than double.
The 10-year offer, presented to EFL clubs last week following executive-level discussions, includes a pledge to increase solidarity payments to the EFL by £163m annually by the 2028-29 season. This figure is more than double the current estimated £134m. Additionally, the deal commits an extra £81m for the current season.
Top-flight clubs, meeting in London on Thursday, expressed their dedication to reaching a deal promptly. A league statement confirmed, "The Premier League remains committed to concluding a football-led solution as soon as possible so additional money can flow to EFL clubs this season."
The extra funding is reportedly linked to new agreements on cost controls, a commitment to reduce Carabao Cup semi-finals to one leg to ease fixture congestion, and an agreement on the Saturday 3pm blackout ahead of upcoming domestic television deals.
EFL clubs have been asked to provide feedback on the Premier League's offer in advance of further meetings scheduled for early next month.