The Premier League is up against a tight deadline and two major issues to finalise a landmark £836m deal. The league's bosses are in a crucial few days to wrap up an impressive £836million financial agreement that needs the support of at least 14 clubs as the future look of the English game waits for the latest outcome.
On Monday, March 11, all teams in England's top division, including Arsenal, Chelsea, and Tottenhamwill be asked to give their approval to a revised version of a 'New Deal', as reported by Sky News. It comes in the aftermath of yet more financial controversy following Everton's points deduction and charges against Manchester City and Nottingham Forest.
Just before the introduction of laws to set up English football's first official regulator, the Premier League is rushing to finish the deal for funding and cost controls. Many previous versions have been turned down, but there's hope that the latest will be shown at the next Premier League shareholder meeting, then sent to theEnglish Football League (EFL).
The 'New Deal', put forward together with the EFL, will suggest a higher levy on player transfers. As other proposals have been rejected, the newest includes plans for an immediate £44m payment to the lower leagues, with another £44m to follow within months.
The combined £88million would be repayable by the EFL over a six-year period. However, there are concerns the resolution will not be passed as 14 clubs are needed to approve it, with two already said to have opposed the deal, reports the Manchester Evening News.
It is also said that the vote has been madeindependent of any conditions attached to wider financial reform by the Premier League, which has seen alarm bells ring for a number of top-flight
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