EFL financing

[david61]

Complete load of cack from the PL. Designed to aid the rich to get richer, and seeking to dictate the playing field before the appointment of the Independent Regulator. Still proposing a 75/15/5 split between C/L1/L2, yet they are seeking to increase their demands on L1 & 2 Clubs with more matches against their U21 teams, yet another step towards having B teams in the EFL of course.
But the Championship is where the carp really shows itself. Still trying to load the dice with not only parachute payments, but increased playing budgets for those teams as well. Then allocate the remaining money, not evenly but by league position enhancing their chances even more. The whole thing stinks to high heaven, and is geared to create a small elite group of clubs.

You are right it sounds rigged. A more honest approach would be a PL1 and PL2, might come if/when size of PL reduced from 20 due to more euro/international fixtures.
PL and EFL then each 2 divisions. Promotion/relegation between PL and EFL retained in some format.

 

[david61]

Interesting.

Perhaps they will get the League Cup done by December, like they do North of the border.

Difficult to see a future including euro clubs really. Even a pre-season type LC wouldn't work because the big clubs go on lucrative pre-season tours US, far east, etc.

 

[david61]

They want the American system of secure franchise. Perhaps it's an influence of all the Americans that own the clubs.

Probably true. Big picture though most clubs today are in a similar pecking order to 50/60 years ago with some exceptions and some temporary changes.

 

[i8cornwall]

What ever the premier league wants is what the Premier league will get.

If you have turned up to the game against Arsenal this week you have given them ammo but adding to the total of fans who attend these jokes that they pretend are in everyone interests.

Football at the top level is broken I'd go as far as to say football in general is broken and probably beyond repair.

 

[Pmc grecian]

What ever the premier league wants is what the Premier league will get.

If you have turned up to the game against Arsenal this week you have given them ammo but adding to the total of fans who attend these jokes that they pretend are in everyone interests.

Football at the top level is broken I'd go as far as to say football in general is broken and probably beyond repair.

What 🥱

 

[jimmy]

Probably true. Big picture though most clubs today are in a similar pecking order to 50/60 years ago with some exceptions and some temporary changes.

You are right. However, these even larger parachute payments over even longer periods of time gives investors even more confidence that there is little to no chance of losing the PL product.

Manchester United were in the second tier for decades until 1992. Things are in place now to ensure that the unthinkable, time out of the prem, does not last.

 

[david61]

You are right. However, these even larger parachute payments over even longer periods of time gives investors even more confidence that there is little to no chance of losing the PL product.

Manchester United were in the second tier for decades until 1992. Things are in place now to ensure that the unthinkable, time out of the prem, does not last.

United second tier one season since WW2, 1974/75.
Several div2 seasons pre WW2.

 

[Jason H]

You are right. However, these even larger parachute payments over even longer periods of time gives investors even more confidence that there is little to no chance of losing the PL product.

Manchester United were in the second tier for decades until 1992. Things are in place now to ensure that the unthinkable, time out of the prem, does not last.

Manchester United or City? City had a couple of shortish spells outside the top flight prior to 1992 (and since until they came into cash). United, as noted by david61, had just one season outside the top flight in living memory.

 

[jimmy]

My mistake. Not sure what I was thinking about.

My only point is these insane parachute payments keep the exclusive club...exclusive.

 

[Hants_red]

This has been sent to Trust members

Some of you will recall a newsletter I sent some while ago about the Fan Lead Review being conducted by the Department of Culture, Media & Sport (DCMS). The review eventually made it to a government white paper and we hope that it will be included in this years Kings speech (due in November).

If all goes to plan the paper will traverse 2024 before coming into law. The process will be:

• December 2023 – Second Reading in the House of Commons
• January/ February 2024 – Committee Stage in the House of Commons
• February/ March 2024 – Report Stage (votes) and the Bill moves from Commons to House of Lords
• April/ May 2024 - Committee Stage in the House of Lords
• June/July 2024 - Report Stage (votes) and Royal Assent

By this time we may well be into General Election territory but the bill has cross party support so we're hopeful it will go through.

The purpose of the review, if you recall, was to make football sustainable across the leagues and to even out the distribution of football wealth!

Core desirables were the abolition of parachute payments, the appointment of an independent football regulator (with back-stop powers), and fairer distribution of overall football wealth.

Recently, I attended an EFL All-Clubs meeting. the purpose of which was to hear a proposal by the Premier League (PL) that might take a step toward our goals.

In the past week you may have seen various commentary from sports news channels that have presented some elements of what the PL was suggesting. Whilst these have been relatively accurate it's important remember that these are proposals and not an offer!

The PL have offered the EFL a significant amount of additional money but, as you would imagine, there is negotiation still to complete.

Importantly, the PL have declined to abolish parachute payments to clubs relegated to the Championship. This is disappointing as such payments cause all club playing salaries to increase as clubs try to compete.

In the Championship, playing budgets reach the dizzying height of 150% of turnover which of course, reverberates down through the pyramid. It's important then that any additional income from the PL is not to be spent on playing budget since, as every club will be in receipt of the payments, nothing would change in terms of football sustainability.

Other matters for us to consider include a discussion with the PL on youth development and compensation. You'll not need any reminder of how vital the academy is to ECFC and so we must ensure this is protected and bigger clubs have to properly acknowledge and reward our efforts in the development of players.

The PL also wish to abolish FA Cup replays and have single leg EFL Cup semi-finals but, at the same time, want the 16 PL clubs invited to enter the EFL Trophy to play more games.

Finally, at present solidarity payments, what we receive from the PL, is paid equally to all clubs in our league. The proposal suggests that the amount received by clubs will be based on league position.

Solidarity payments are currently split equally across all teams in the same league. At present monies are split:

• Championship - 80%
• League One - 12%
• League 2 - 8%

Proposed payments will be split:

• Championship - 75%
• League One - 15%
• League 2 - 10%

As more detail emerges we'll keep you posted and of course, ...