The Premier League has been given a mandate by its clubs to propose a huge change to the financial structure of the English pyramid, according to reports from the Telegraph. Representatives of the division now have to propose their plans to the government, the FA and the EFL.
The changes - dubbed as the "New Deal for Football" - come in light of rising tensions over the state of modern day football and their finances. Both the European Super League and Project Big Picture have launched and collapsed within the past two years with the aim of radical change to such issues, as well as the proposition for an independent regulator.
One of the key changes proposed in the new deal includes making sure that some of the earnings are spent on key infrastructure over wages and transfers. The redistribution of such wealth will also be based on merit across the footballing pyramid, attempting to cap overspending at all levels.
