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Premier League agrees 372m deal with Football League

Premier League chief executive Richard Scudamore
Scudamore said the deal would benefit everyone involved

The Premier League has agreed a three-year funding deal with Football League clubs worth £372m - or £124m a season.

Parachute payments for clubs relegated from the top flight will rise from £32m over two years to £48m over four years.

The move comes after League clubs voted to introduce rule changes relating to financial regulation, transparency of ownership and ground criteria.

Leeds United, who are run by Ken Bates but have not said who owns the club, could be affected by the ruling.

However, United published an ownership statement on their website on 24 July setting out the structure of share ownership at the Elland Road club.

A Football League spokesperson said the new regulations required clubs to publish the identity of anyone owning more than 10% of their club, and that the information published thus far would be considered only once all 72 clubs had put these details in the public domain.

Premier League chief Richard Scudamore said the extra revenue would make a "huge difference" to Football League clubs.

"More importantly it will make planning for the future that much easier," he added.

The deal distributes some of the income generated by the Premier League to the smaller clubs - £2.2m per Championship club, £335,000 per League 1 club and £225,000 per League 2 club.

606: DEBATE

Scudamore stated one of the main reasons was to allow clubs to plan for their financial future with a greater degree of certainty.

"The financial strength of the Premier League has always benefitted the entire English game, but we are taking the unprecedented step of formalising arrangements so that the solidarity payments and the alignment of rules - in some fairly critical areas - are linked," he continued.

"The Premier League clubs felt strongly that a stronger Championship would be greatly beneficial to both competitions.

"It is a fact of life that we welcome three of their number each season and helping make sure those clubs coming up are prepared - both on and off the pitch - for life in the Premier League was something we felt these measures would achieve."

And Scudamore was keen to point out it was not just a pay-off to the League clubs for taking on board some of the Premier League's rules on financial regulations and ground regulation.

"The rule changes have not just been a one-way street," he added.

"Where we felt the Football League's were stronger we adopted them into the Premier League Rule Book - for example the Owners and Directors Test now precludes anyone who has been banned by another sports' governing body or professional body.

"My firm belief is that a stronger, more closely aligned set of rules for the Premier League and Football League will serve English professional football well.

"Having common rules in areas such as player contracts, third party ownership of players, and public disclosure of club ownership is something we have worked towards for a number of years and we are pleased that the Football League have voted them in.

"The Football League solidarity package, combined with our new £6m funding of the Football Conference and our ongoing £15m per season commitment to the Football Foundation shows that we take our responsibilities to every level of the game very seriously.

"There is no other league structure in Europe that can boast such levels of redistribution.

"With such levels of investment and unity of purpose in Youth Development and financial regulation the long-term prospects for the English game - at every level - should be very positive."



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see also
Premier League plans free schools
04 Aug 10 |  Education & Family
How to watch Match of the Day
09 Aug 11 |  Match of the Day
League takes some England blame
04 Aug 10 |  Premier League
Conference boosted by 6m package
16 Jul 10 |  Football
Npower signs Football League deal
16 Mar 10 |  Business
Football League offered 90m deal
22 Jul 07 |  Football


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