Premier League clubs vote to approve long-awaited EFL funding deal

The Premier League has taken a major step toward ending its protracted financial standoff with the English Football League. All 20 top-flight clubs have unanimously backed a proposal for what the league calls a 'new strategic partnership,' with the details now set to be presented to the EFL for its member clubs to consider in the coming days. While no official figure has been disclosed, broadcaster News reported Saturday that the package is worth around £1.5 billion over ten years. The Premier League has neither confirmed nor denied that number, but stressed that the funding is fully secured and is expected to be generated through a levy on transfers. The league also pointed to its existing commitment to invest a record £1.6 billion every three years into the wider game and local communities. 'We remain committed to finding a football-led solution and look forward to continuing discussions with the EFL on progressing this proposal,' the Premier League said in a statement. The dispute, which dates back to a government-commissioned fan-led review in 2021, has dragged on for years. That review was prompted by a series of crises, including the failed European Super League project and the collapse of Bury FC. At times, a resolution appeared within reach. In March 2024, government officials warned the Premier League that if it and the EFL could not reach an agreement, one would be imposed on them. On Tuesday, representatives from the Premier League, the EFL, and the newly formed Independent Regulator met to discuss an outline. The EFL acknowledged the Premier League's move and said it now expects to receive the formal proposal for review. 'The EFL Board will then review the full detail of the proposal, including its potential benefits, implications and alignment with the long-term interests of our 72 clubs, ahead of further dialogue with the Premier League,' the EFL said. Resistance within the Premier League to simply hand over money has been rooted in concerns that they would be funding clubs that are trying to take their place in the top flight. Some EFL clubs, such as Stoke City, are owned by individuals with deeper pockets than certain Premier League owners.