Friday briefing: Premier League clubs set to agree on major reform to financial support for lower leagues

Premier League clubs are close to agreeing on a major overhaul of the competition’s support systems for lower-tier sides, with parachute payments set to be axed or dramatically altered.

The Daily Telegraph reports that a so-called ‘New Deal for Football’ was discussed during one of the longest and most detailed shareholder meetings the Premier League has seen.

Proposals that were broadly welcomed by executives include redistribution based on ensuring some of the funds hand