Clubs in the English Premier League have unanimously backed a proposal to establish a new strategic partnership with the English Football League (EFL). This agreement, confirmed by all members of the top tier of English football, will now be submitted to the EFL for further procedure.
EFL representatives have been invited to vote on the proposal in the coming days. If the vote is positive, the agreement is expected to come into force and last for ten years, defining a long-term financial and organisational partnership between the two most powerful football structures in England.
Although the Premier League has not officially confirmed the exact value of the contract, British media, including Sky News, previously reported it to be worth £1.5 billion. The football organisation neither denied nor confirmed these claims, leaving room for speculation regarding the final financial structure of the agreement.
The Premier League emphasised that the entire proposal is fully funded, with funds expected to be secured through the introduction of a transfer levy. This financing mechanism should ensure stable cash flows needed to implement the agreed partnership objectives.
In addition to the short-term objectives of the partnership, the Premier League has broader long-term commitments to the football community. The organisation has undertaken to invest a record £1.6 billion every three years into the wider game and local communities, a key part of the broader framework for the responsible development of sport in the country.
