Premier League clubs agree new funding proposal for EFL to consider

Premier League clubs have unanimously agreed for a new funding proposal to be put to the EFL. The Premier League announced on Thursday that a "long-term" proposal, to start in the coming season, would now be offered to the EFL for discussion among its clubs. The news marks a major breakthrough in the so-called 'New Deal' discussions which came to a halt in 2024. The Premier League did not confirm any details of the proposal, but Sky News has previously reported that it covers a 10-year period, includes an increase in the transfer levy, and that contributions will be proportionate to a club's earnings. The chairs and chief executives of the Premier League and the EFL were understood to have met on Tuesday, with the chair and chief executive of the Independent Football Regulator (IFR) also in attendance. IFR chair David Kogan called on the leagues to swiftly agree a new financial sett