The Premier League is set to submit a £1.5 billion, 10-year funding proposal to the English Football League (EFL) on Tuesday, August 4, 2026, in a major bid to reshape the financial structure of English professional football.
The move follows approval by all 20 Premier League clubs on Thursday, July 30, 2026, for a new strategic partnership with the EFL, with the plan scheduled to begin from the 2026/27 season.
Under the proposal, EFL clubs would receive an average of £150 million annually, alongside support measures aimed at improving financial stability across the Championship, League One and League Two.
The package includes an emergency fund for clubs in financial distress, infrastructure investment, and reforms to parachute payments for relegated Premier League teams, a long-standing issue in debates over competitive balance.
READ ALSO: Premier League Rejects Manchester City Fixture Change Request Ahead Of FA Cup Final
The proposal comes after years of disagreement over the distribution of Premier League revenues across the football pyramid. Previous attempts, including the proposed “New Deal for Football”, failed to reach a settlement, while the COVID-19 pandemic highlighted the financial challenges facing lower-league clubs.
The new funding would supplement the Premier League’s reported £1.6 billion investment in the wider game through existing initiatives.
The EFL is expected to review the proposal before consulting its 72 member clubs. If talks fail, the matter could be referred to the Independent Football Regulator, which has powers to impose a financial redistribution framework.
The proposed deal marks the biggest attempt yet to settle English football’s long-running funding dispute and could redefine the financial relationship between the Premier League and the wider professional game for years to come.