Premier League make statement after Leicester City warning and £1.5 billion proposal

[merlin1969]

The Premier League have confirmed that discussions with the EFL over a new strategic partnership are ongoing. Details of a new proposal from the Premier League were presented to Leicester City and their EFL rivals last week.

It will reportedly include more than £1.5 billion in additional solidarity funding over the next 10 years compared to current levels. A final agreement is yet to be reached, with the Premier League giving the latest update in a statement.

At a Shareholders’ meeting today, the Premier League and our clubs continued discussions regarding a new strategic partnership with the EFL,” it said.

Since a fair and generous proposal was formally offered to the EFL last month, discussions have continued between the leagues’ Executives, and it was presented to EFL clubs last week.

 

“Since a fair and generous proposal was formally offered to the EFL last month, discussions have continued between the leagues’ Executives, and it was presented to EFL clubs last week.

 

“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 update comes after City, and other EFL clubs were warned that turning down the proposal and invoking the Independent Football Regulator ‘backstop’ powers to reach a settlement could take up to two years. It’s also added that any outcome would be ‘difficult to predict.’

 

The new proposal included plans to reduce parachute payments by five per cent across six years. It also includes potential changes to cost control measures in place for EFL clubs.

 

Premier League make statement after Leicester City warning and £1.5 billion proposal

A new partnership between the EFL and the Premier League will have a big impact on Leicester City.

 

A general view of a large Leicester City flag before the Premier League match at the King Power Stadium, Leicester.

The Premier League have released a statement about a potential new deal with the EFL.

The Premier League have confirmed that discussions with the EFL over a new strategic partnership are ongoing. Details of a new proposal from the Premier League were presented to Leicester City and their EFL rivals last week.

 

 

It will reportedly include more than £1.5 billion in additional solidarity funding over the next 10 years compared to current levels. A final agreement is yet to be reached, with the Premier League giving the latest update in a statement.

 

 

“At a Shareholders’ meeting today, the Premier League and our clubs continued discussions regarding a new strategic partnership with the EFL,” it said

 

“Since a fair and generous proposal was formally offered to the EFL last month, discussions have continued between the leagues’ Executives, and it was presented to EFL clubs last week.

 

“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 update comes after City, and other EFL clubs were warned that turning down the proposal and invoking the Independent Football Regulator ‘backstop’ powers to reach a settlement could take up to two years. It’s also added that any outcome would be ‘difficult to predict.’

 

The new proposal included plans to reduce parachute payments by five per cent across six years. It also includes potential changes to cost control measures in place for EFL

 

 

15 per cent of the solidarity funds received by EFL clubs must be set aside for infrastructure projects. A creation of a £20 million ‘lifeboat fund’ for clubs entering administration has also been proposed.

 

The partnership would also see the ELF and the Premier League come together on issues such as the Saturday 3pm blackout, the structure of the Carabao Cup and the format of the newly renamed Jersey Mike’s Trophy, the tournament City played in for the first time in well over a decade, this week.

 

The potential deal comes at a crucial time for City, who will be feeling the financial impact of relegation to League One at the end of last season. The club are also up for sale, with any new deal having a potential impact on new owners.

 

Scottish-Indian businessman has been public with his interest in the club, but reports last week claimed that there had been no talks between him and any senior City board member.

As per Leicestershirelive 

[merlin1969]

5 minutes ago, merlin1969 said:

The Premier League have confirmed that discussions with the EFL over a new strategic partnership are ongoing. Details of a new proposal from the Premier League were presented to Leicester City and their EFL rivals last week.

It will reportedly include more than £1.5 billion in additional solidarity funding over the next 10 years compared to current levels. A final agreement is yet to be reached, with the Premier League giving the latest update in a statement.

At a Shareholders’ meeting today, the Premier League and our clubs continued discussions regarding a new strategic partnership with the EFL,” it said.

Since a fair and generous proposal was formally offered to the EFL last month, discussions have continued between the leagues’ Executives, and it was presented to EFL clubs last week.

 

“Since a fair and generous proposal was formally offered to the EFL last month, discussions have continued between the leagues’ Executives, and it was presented to EFL clubs last week.

 

“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 update comes after City, and other EFL clubs were warned that turning down the proposal and invoking the Independent Football Regulator ‘backstop’ powers to reach a settlement could take up to two years. It’s also added that any outcome would be ‘difficult to predict.’

 

The new proposal included plans to reduce parachute payments by five per cent across six years. It also includes potential changes to cost control measures in place for EFL clubs.

 

Premier League make statement after Leicester City warning and £1.5 billion proposal

A new partnership between the EFL and the Premier League will have a big impact on Leicester City.

 

A general view of a large Leicester City flag before the Premier League match at the King Power Stadium, Leicester.

The Premier League have released a statement about a potential new deal with the EFL.

The Premier League have confirmed that discussions with the EFL over a new strategic partnership are ongoing. Details of a new proposal from the Premier League were presented to Leicester City and their EFL rivals last week.

 

 

It will reportedly include more than £1.5 billion in additional solidarity funding over the next 10 years compared to current levels. A final agreement is yet to be reached, with the Premier League giving the latest update in a statement.

 

 

“At a Shareholders’ meeting today, the Premier League and our clubs continued discussions regarding a new strategic partnership with the EFL,” it said

 

“Since a fair and generous proposal was formally offered to the EFL last month, discussions have continued between the leagues’ Executives, and it was presented to EFL clubs last week.

 

“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 update comes after City, and other EFL clubs were warned that turning down the proposal and invoking the Independent Football Regulator ‘backstop’ powers to reach a settlement could take up to two years. It’s also added that any outcome would be ‘difficult to predict.’

 

The new proposal included plans to reduce parachute payments by five per cent across six years. It also includes potential changes to cost control measures in place for EFL

 

 

15 per cent of the solidarity funds received by EFL clubs must be set aside for infrastructure projects. A creation of a £20 million ‘lifeboat fund’ for clubs entering administration has also been proposed.

 

The partnership would also see the ELF and the Premier League come together on issues such as the Saturday 3pm blackout, the structure of the Carabao Cup and the format of the newly renamed Jersey Mike’s Trophy, the tournament City played in for the first time in well over a decade, this week.

 

The potential deal comes at a crucial time for City, who will be feeling the financial impact of relegation to League One at the end of last season. The club are also up for sale, with any new deal having a potential impact on new owners.

 

Scottish-Indian businessman has been public with his interest in the club, but reports last week claimed that there had been no talks between him and any senior City board member.

As per Leicestershirelive 

https://www.leicestermercury.co.uk/sport/football/football-news/premier-league-statement-leicester-efl-11170090?int_source=amp_continue_reading&int_medium=amp&int_campaign=continue_reading_button#amp-readmore-target