Premier League Clubs Accused of Stalling EFL Funding Deal

Premier League clubs are under fire for failing to reach an agreement on a new funding deal for the English Football League (EFL), with accusations of making “empty promises” and neglecting the welfare of the game.

Following a meeting on Monday, which ended without a consensus on a ‘New Deal,’ Dame Caroline Dinenage, chair of the Culture, Media and Sport committee, criticized the clubs for their inaction, likening it to “parking the bus.”

The absence of a resolution has raised concerns about the financial sustainability of EFL clubs, prompting calls for urgent government intervention. Dinenage emphasized that the Premier League’s commitment to striking a deal appears hollow, and urged the government to expedite the introduction of legislation for an independent regulator in English football.

Former England and Manchester United defender Gary Neville, who co-owns Salford City, expressed outrage at the Premier League’s handling of the situation, describing it as a “disgrace” and emphasizing the need to prioritize the welfare and sustainability of the entire football league.

The UK government had previously announced plans for an independent regulator to oversee English football, aiming to ensure a fair distribution of funds across the football pyramid, particularly from the lucrative Premier League revenues.

However, Neville criticized the Premier League’s dismissive approach and lack of proactive measures, urging them to take responsibility for the welfare of the entire football ecosystem.

The failure to reach a funding agreement heightens the urgency for action, with the EFL’s board meeting on Thursday set to address the ongoing deadlock. The proposed funding deal, expected to be around £900 million over six years, remains in limbo pending approval from Premier League clubs.

The Premier League’s statement following Monday’s meeting indicated a commitment to introducing a new competition-wide financial system, but progress on a deal with the EFL hinges on club approval of the proposed system.