In return for tearing up many of the rules that have governed the game since the Premier League was formed in 1992, there will be a £ 250million rescue package to the Football League to help them get through the crisis in Covid.
The Daily Telegraph can reveal details of the “Revitalization” discussion paper drafted by US-owned Liverpool, Fenway Sports Group, with support from United. He anticipates support from other members of the so-called big six, Manchester City, Arsenal, Chelsea and Tottenham Hotspur.
In a remarkable set of proposals, which will send shockwaves through the game, 25% of the Premier League’s annual revenue will go to EFL clubs with £ 250million paid up front to help them get through the current crisis. There is also reportedly a donation of £ 100million to support the Football Association.
However, there would be an abolition of the one-club principle, a voice that has supported the Premier League since its inception, as well as the abolition of the 14-vote threshold for adopting any decision or rule change.