Premier League chiefs seek to finalise £836m 'New Deal' with the EFL

Premier League clubs will vote on Monday on a 'New Deal' to pay out £836m to the EFL over the next five years – ahead of the arrival of the regulator.

A revised proposal, which will include an increased levy on transfers, also requires Championship clubs to commit to rules which state they can only spend 70 per cent of revenues on player costs.

However, whether the deal will be able to attract the votes needed remains unclear.

Mail Sport understands a number of top-flight clubs continue to harbour strong reservations over the deal, which would come on top of existing financial support to the wider game totalling £1.6bn.

Should the deal be given the green light, it would then go to the EFL for approval.

The new proposals include £88m which would take the form of a back payment for the current season, while the £836m is based on media revenues.

The top-flight is keen to agree a deal with the EFL before the arrival of the regulator, which may well side with those lower down the pyramid.

Some have concerns that attempts could be made to renegotiate, even if a deal is agreed by both parties, and are hoping to ensure any proposals are long-term with a duration as far-reaching as 20 years mentioned.

The transfer levy would be raised from 4 per cent to 6 per cent and then seven over the duration of the deal. Some believe that could make the Premier League less competitive and – couple with current profit and sustainability rules - leave its status as the biggest league in Europe vulnerable.

Legislation is expected later this month. Prime Minister Rishi Sunak has already warned of intervention should agreement remain elusive.

‘My hope is that the Premier League and the EFL can come to some appropriate arrangement themselves - that would