Dead in the water.
Good.
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Premier League clubs have "unanimously agreed" that 'Project Big Picture' will not be "endorsed or pursued".
The controversial plans, proposed by Liverpool and Manchester United, were rejected at a meeting of the 20 clubs in England's top flight on Wednesday.
Instead, all clubs agreed to "work together" on a new "strategic plan" for the "financing of English football".
The clubs also decided on a £50m rescue package for League One and Two clubs at the meeting.
A Premier League statement said "discussions will also continue with the EFL" over financial support for the Championship.
'Project Big Picture' involved reducing the Premier League from 20 to 18 clubs and scrapping the EFL Cup and Community Shield.
In addition, the English Football League would have got 25% of all future TV deals, which would have been negotiated jointly, plus a £250m bail-out.
However, it would also have seen more power transferred to the so-called 'big six' Premier League clubs.
In its statement, the Premier League said its members had "agreed to work together as a 20-club collective on a strategic plan for the future structures and financing of English football, consulting with all stakeholders to ensure a vibrant, competitive and sustainable football pyramid".
It added: "Clubs will work collaboratively, in an open and transparent process, focusing on competition structure, calendar, governance and financial sustainability.
"This project has the full support of the FA and will include engagement with all relevant stakeholders including fans, government and, of course, the EFL."
The Premier League said the financial package for League One and Two clubs was intended to make sure they "will not go out of business as a result of the financial impact of Covid-19 and be able to complete the 2020-21 season".
It conceded they were at more risk as than Premier League and Championship clubs as they "rely more heavily on matchday revenue and have fewer resources at their disposal".
"This offer will consist of grants and interest-free loans totalling a further £50m on top of the £27.2m solidarity payments already advanced to League One and League Two this year, making a total of £77.2m," added the Premier League statement.
https://www.bbc.co.uk/sport/football/54545053
Project Big Picture Voted Out
posted on 14/10/20
comment by welshpoolfan (U7693)
posted 20 minutes ago
Shame really. If they had got rid of the voting rights nonsense then there were some pretty good proposals in the rest of it- not least the football league receiving 25% of the PL income going forward.
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The football league receiving PL money being a good thing is a fallacy. EFL clubs would still end up overspending trying to gain promotion. It would solve nothing.
posted on 14/10/20
It would save a lot of clubs going bust.
I’m not convinced the Euro Super League we’ve heard about for decades is the end game either. Maybe for some clubs, but I don’t think it has the collective support that many seem to think.
posted on 14/10/20
‘It would save a lot of clubs going bust‘
In the short term, yes. But most would end up back in a red soon enough simply because, basically, most EFL clubs are are badly run.
posted on 14/10/20
And if they die on that hill, so be it. But there does seem to be an appetite from the EFL to regulate the finances of these clubs better. Though I don’t agree with stringent measures such as wage caps. The fit and proper testing seem to be one of the biggest problems in the EFL.
posted on 14/10/20
Voting this down already, people aren’t seeing the bigger picture
posted on 14/10/20
Comment Deleted by Site Moderator
posted on 14/10/20
Good
posted on 14/10/20
comment by ttliv87 (U11882)
posted 17 minutes ago
Well done to Liverpool and Utd for proposing this in order to scare them into finally rescuing the lower leagues. Liverpool and Utd playing 4D chess while everyone else is playing hungry hippos.
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They aren’t even as good at that as Man United. Axel Tuanzebe holds the record for completing a game of Hungry Hungry Hippos.
posted on 14/10/20
I can see why the Premier League shat their collective pants over this proposal.
25% of any future TV rights deal would have been distributed between lower league.
Thats around £575,000,000, based on the last TV deal.
Clubs like United and Liverpool would have seen a drop of around £40,000,000 in their income, which was probably why they wanted something in return.
The initial £250,000,000 would have been to just stave off the initial problems lower league teams were facing, so the alternative proposal of £50,000,000 in loan's and grants ain't going to do 5h1t.
Although this deal had good ideas within it, but was deeply flawed, I'm sure today's outcome is going to be cold comfort for those clubs who will go out of existence in the coming 6 months. 🙂
posted on 15/10/20
Glad it is not going ahead. If that would have gone through would only have been a matter of time before games like man united vs liverpool etc would be played in the US