The Premier League have proposed a radical plan to alter how they redistribute money across the EFL, adopting a merit-based system which would reward clubs for how they finish in each of the three divisions plus the reduction and reform of divisive parachute payments.
The Times report that, in light of Government warnings over how they deliver revenue further down the pyramid, the Premier League want to mirror their own funding structure and pay clubs on performance over the course of the season. They hope it would reduce the financial drop-off between the Premier League and the Championship with £1.6billion pledged over the next three years throughout the EFL.
The report further states, however, that talks have reached a deadlock because of the top-flight's desire to have control over the funding, due to concerns over the number of clubs in the EFL who are operating under unsustainable business practices and that simply giving them more money will fix long-standing problems.
