EFL: Financial Redistribution

17 Mar 2024

Blues Trust

Whilst Blues supporters are once again consumed by the now annual fight against relegation, it is worth noting that the wheels continue to turn outside of our bubble to drive strategic changes designed to improve football for the majority of supporters of all clubs.

This past week the Labour Party confirmed that it will prioritise delivering a new independent regulator for football if the Government fails to do so before the next election later this year.

At the same time, the EFL released a statement on Thursday regarding the recent discussions by Premier League Clubs about a future financial agreement. The statement in full is as follows:

“The EFL Board met today (Thursday 14 March) and considered its position in respect of recent discussions by Premier League Clubs and is clearly disappointed at their repeated failure to put forward any new funding offer for EFL Clubs that would have significant benefits for the entire football pyramid.

Over the last two years, following the recommendations of the Fan Led Review, the League and its Clubs have been pushing for a new funding offer from the Premier League and remain ready and waiting to consider and conclude a new arrangement. Whilst it has been expected on a number of occasions, the lack of positive progress once again demonstrates how difficult an issue this is for football to address, without independent input.

Despite pressure from Government, fans and united voices across the professional game, the latest development represents a further setback, and the League now awaits a formal update from the Premier League as to how it proposes to re-engage on its latest commitment to deliver “a sustainably funded financial agreement with the EFL”.

The EFL has repeatedly said that financial redistribution coupled with enhanced cost controls are needed to help achieve its over-riding objective of making EFL Clubs financially sustainable and competitive, so that they can continue to serve their supporters and communities long into the future, no matter what level of the pyramid they play in.

The League eagerly anticipates the introduction of the Football Governance Bill given it is now more important than ever that the Independent Regulator is provided necessary powers to secure the long-term sustainability of the pyramid. We look forward to continuing further engagement with Government and MPs and Peers from all parties. In particular, it is really important that work commences on the much-needed State of the Game Review at the earliest possible opportunity as this will provide the objective basis for a sustainable football model”.

So it seems that changes are still coming down the line based on the landmark Fan Led Review, changes that are expected to impact on all clubs including our own.

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