Premier League executive has concern over new FFP rules that impact Arsenal, Chelsea and Tottenham

Premier League clubs are said to be in favour of increasing funding for the EFL, but they insist that cost controls must be agreed upon first. After Monday's shareholders' meeting, there was hope that a funding offer would be made, but none came.

A group of teams are ready to support the offer, which would depend on new cost control measures at the EFL level. However, these clubs want to be sure about the new financial system for the Premier League before they vote for it.

An executive from one of the clubs, who attended Monday's meeting, expressed concern about a situation where there are few or no spending restrictions at the Premier League level. This forces clubs to keep up with the biggest spenders to stay competitive, but they face heavy restrictions in the Championship.

They believe this could put any club relegated from the Premier League in immediate financial danger. The executive revealed that clubs were close to agreeing on a new set of financial regulations for the Premier League to replace the current profitability and sustainability rules (PSR) which Arsenal, Chelsea and Tottenham must adhere to.

However, the individual noticed a change in attitude at Monday's meeting. They felt that some clubs' opinions on financial controls had shifted, possibly due to the sporting sanction given to Everton earlier this season for breaking PSR.

The executive sensed that there is now less desire for strict financial controls among some clubs. The proposed new rules are believed to be based on principles similar to UEFA's new financial sustainability regulations.

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