Premier League and EFL reform [UPDATE 3 Dec 2020: Rescue Package Agreed]

City's position: https://www.bbc.co.uk/sounds/play/p08v87p1

 

League one and two clubs kind of deserve to go bust sticking up for the Championship. A large number of the clubs on the Championship are part of that 'cartel' I've talked about that keep holding back the English game both above them and below them just to keep their gravy train of parachute payments that lets them outspend everyone which forces everyone else to overspend. Being a well run club with a strategy like Brentford doesn’t matter in this world when scum like Fulham, West Brom and others effectively bold the whole of English football to ransom just so they can go up, make the PL money with no real effort to stay up, and then collect over £90mill over the next 3 seasons, one of which they are likely to go back up in (the parachute payments are 7 times when every other championship club gets in solidarity payments and worst of all the clubs getting parachute payments also get the solidarity payments)

The yo-yo clubs when in the PL year after year only think about themselves and keep standing in the way of so league 1 and 2 clubs should do the same. Take the money offered and tell the championship clubs to feck off as they are the ones who have caused the situation (basically every league 1 and 2 club was heading to the cliff edge anyway, COVID has just sped it up)

 

Perhaps if you hadn't rushed to judgement and read the whole thing you would get my point. League 1 and 2 clubs have turned down a deal that would have given them a lifeline basically to help the championship clubs, championship clubs who each season between 6-9 of them get MORE MONEY from the PL than the whole league gets in TV money. In the best case, you see the 3 who came down getting £127m and then 3 in their final year of payments getting £47m. That's £174m while the TV money is only £120m that is shared between the 72 clubs (including those who get parachute payments). The worst-case where the max 9 clubs get payments you are looking at its £279m, and actually since the increased parachute payments came in the total given hasn't been below £219m.
£219m is actually only slightly less than the TV money AND the solidarity payments for the whole league (£120m for the TV and £106m in the solidarity payments for a total of £226m).

They are choosing to risk their future to try and help a league full of clubs that are rolling in it, clubs who because they are rolling it have actually pushed everyone else into this issue. By trying to help these few clubs become even richer (because just watch if the EFL clubs get more money in a deal including the championship it will almost certainly end up with L1 and L2 getting less per club than under the proposed deal, the Championship will take most of it) they have worked against their own interest and when you do that its their own fault if they go bust

 

Just to add something else. Solidarity payments currently work out at £4.65m per Championship club, £0.7mill per league 1 club and £0.47m per League 2 club. Those 6-9 clubs get more in solidarity payments than the whole of league 1 and league 2 get and they don't need it. They could give up that £28-42mill they get each season as their share and it go back into the pot, if you don't redistribute it to the Championship they could split it like they do and add £9.3m to League 2 pot and £18.6m to League 1's which would be 850k for each league 2 club and £1.45mill for league 1 club. Or split it 50/50 and get every club over £1mill

 

BBC article:

What is the big picture for English football after turbulent week?

 

It that happens with FIFA's backing, it sounds possibly like a 'proper' embryonic Champions League