At a virtual meeting on Wednesday, all 20 clubs “unanimously agreed” that neither the Premier League nor the FA would endorse or pursue the proposals, which included changing the voting structure of the Premier League, as well as funding models for the English Football League (EFL) and Football Association (FA).
The clubs have also agreed to work as a “collective” and with transparency on any future plans that involve the structure or financial of English football.
These proposals, which have now been rejected, were initially drawn up by Liverpool, with the backing of Manchester United.
‘Project Big Picture’ proposals
- Premier League reduced to 18 clubs
- No EFL Cup or Community Shield
- Special status for nine longest serving clubs – ‘Big Six’, Everton, West Ham, Southampton
- Only six of the nine longest-serving clubs need to vote for major change
- £250m immediate compensation for EFL
- Figure also represents coronavirus financial bail-out
- Club who finishes 16th in Premier League to replace sixth-placed Championship club in EFL play-offs
- Premier League to commit 25 per cent of future revenue to EFL
The plans had involved several other major changes to the structure of English football, with a reduction from 20 to 18 teams in the Premier League and the scrapping of the EFL Cup and Community Shield. Sponsored Links
In a statement on Wednesday, the Premier League said: “All 20 Premier League clubs today unanimously agreed that Project Big Picture will not be endorsed or pursued by the Premier League, or The FA.
“Further, Premier League Shareholders 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.
Source: https://www.skysports.com/
