Premier League clubs called to emergency meeting to resolve £900m EFL deal

Premier League clubs including Liverpool and Everton are set for an emergency meeting to sort out a £900m deal for the EFL once and for all.

The 20 clubs will meet on Thursday, February 29, to try and agree on a six-year package for the football pyramid after months of no progress. Premier League bosses want to get this sorted before the Government steps in with the Football Governance Bill due to go through Parliament soon.

A new independent regulator could have the power to enforce a deal on the Premier League and Culture Secretary Lucy Frazer has encouraged everyone to come to an agreement. Premier League clubs might even vote on a deal next week but one club suggested that an agreement "seems a long way off" and there is another follow-up meeting planned for March 11.

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Talks stopped before Christmas when the top-flight clubs couldn't agree on how and who would pay for the new deal for the EFL. Former Liverpool chief executive Rick Parry, now chairman of the EFL, has warned that lots of clubs would go bust without the support of the super-rich Premier League.

They have also pointed out that the EFL is a rich source of future Premier League stars and its clubs are of vital importance to local communities. Only six clubs - Arsenal, Chelsea, Everton, Liverpool, Manchester United and Tottenham Hotspur - have always been in the Premier League since its inception in 1992.

The Premier League clubs have been told to sort out a deal on their terms - or risk leaving it to a new regulator. The problem has been that clubs say that new Profit and