The Premier League says it remains committed to reaching an agreement with the English Football League (EFL) over a new funding deal “as soon as possible”.
A 10-year proposal, which would double solidarity payments to the 72 EFL clubs, was formally presented last week after Premier League clubs approved the agreement in July.
As reported by BBC Sport on Thursday, the proposed deal would provide an additional £1.8bn to EFL clubs, with part of the funding expected to come from an increase in the Premier League’s transfer levy.
However, the EFL has yet to accept the proposal, with negotiations between the two leagues continuing.
In a statement following a meeting of its clubs the Premier League said discussions had continued over a new strategic partnership with the EFL.
“Since a fair and generous proposal was formally offered to the EFL last month, discussions have continued between the leagues’ executives,” the Premier League said.
“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.”
If the two sides fail to reach an agreement, the Independent Football Regulator could intervene through its backstop powers and impose a settlement.
The proposed agreement would also involve scrapping the second leg of the Carabao Cup semi-final and introducing controls to prevent the additional funding from being spent on player wages.
The dispute over financial redistribution has continued for several years, following a fan-led review of football governance in 2021.
One of the main disagreements centres on parachute payments to clubs relegated from the Premier League.
The EFL argues that the payments distort competition and can encourage clubs to take financial risks in an effort to secure promotion.
The Premier League has maintained that parachute payments give relegated clubs the confidence to invest and help sustain the competition that generates revenue for the wider football pyramid.
In March 2024, government officials warned that a funding settlement could be imposed if the Premier League and EFL failed to reach an agreement.
