The English Football League (EFL), the organization of the professional leagues below the highest level, has not agreed on a financial injection of 50 million pounds (about 55 million euros) by the Premier League on Thursday. The offer was an alternative to the controversial ‘Project Big Picture’ plan.
The amount of millions was partly intended to help clubs from League One and League Two, the third and fourth English level, through the corona crisis. However, the EFL thinks the sum is not high enough.
The twenty Premier League clubs voted unanimously on Wednesday against the ‘Project Big Picture’ reform plan, which should have ensured, among other things, that the power of the top clubs was increased with special voting rights.
The project, which was initiated by the EFL and the US owners of Liverpool and Manchester United, has been applauded by lower division clubs. They would receive a lot more TV money.
To compensate for the rejected plan, the injection of 55 million euros was proposed, but that is not accepted. According to the EFL, more money is needed to close the significant financial holes.
The EFL and the Premier League may later agree on an amount. There is also talks about help to the Championship, the second English level.