15 January 2024 - 4:20 PM
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IMAGO | Premier League chief executive officers Richard Masters during the Premier League match at the City Ground, Nottingham.
Explainer: How English football’s financial future lies at stake as EFL and EPL chiefs face MPs
- Richard Masters and Rick Parry face a grilling by Department of Culture, Media and Sport Select Committee today over impasse on “New Deal for Football”.
- New Deal aims to better redistribute English football’s riches as EPL soars away in financial terms, while EFL clubs face crippling losses.
- Why it matters: The EFL is the best supported league in the world, but last season its clubs faced collective £450 million losses. Since 1992 the Premier League’s turnover has grown 70 times. In the same timeframe the EFL’s income has grown by 5.5 times.
- The perspective: For a deeply unpopular government, some sort of deal – whether imposed or agreed by football leaders – offers a boost at the upcoming general election.
At 10am this morning, in the Wilson Room of Portcullis House in London’s Palace of Westminster, the leaders of England’s two professional league bodies, the Premier League and Football League, face MPs. At stake is in an attempt to break the deadlock over a binding deal to redistribute revenues through English football’s pyramid.
Richard Masters
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