{"id":18704,"date":"2023-06-30T18:35:12","date_gmt":"2023-06-30T18:35:12","guid":{"rendered":"https:\/\/www.africa-press.net\/eritrea\/all-news\/mps-urge-epl-to-agree-efl-funding-deal-or-risk-forced-settlement"},"modified":"2023-06-30T18:47:30","modified_gmt":"2023-06-30T18:47:30","slug":"mps-urge-epl-to-agree-efl-funding-deal-or-risk-forced-settlement","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eritrea\/all-news\/mps-urge-epl-to-agree-efl-funding-deal-or-risk-forced-settlement","title":{"rendered":"MPs urge EPL to agree EFL funding deal or risk forced settlement"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Eritrea. <\/strong><\/span>The Premier League and English Football League must \u201curgently\u201d agree on sharing more revenue with clubs down the football pyramid, or risk having a settlement forced on them, say MPs.<\/p>\n<p>A report by the Culture, Media, and Sport (CMS) Select Committee says that if no funding plan is reached soon, the government should bring forward the setting up of an independent football regulator (IREF) \u201cto impose a deal\u201d.<\/p>\n<p>It also concludes that the sport must be held accountable for how it tackles discrimination by the new regulator, saying it is \u201cskeptical\u201d it will deliver standards by itself.<\/p>\n<p>The committee called for equality, diversity and inclusion (EDI) measures to be included in a new code for football governance and for the regulator to have powers to assess clubs\u2019 action plans. The MPs want \u201can increased, strategic redistribution from all leagues down to the grassroots\u201d in order \u201cto safeguard the long-term stability of the game\u201d.<\/p>\n<p>\u201cUnless the football authorities get their act together soon on agreeing a fairer share of revenue, we risk more clubs collapsing, with the devastating impact that can have on local communities,\u201d said chair Dame Caroline Dinenage MP. \u201cIt\u2019s in the best interests of all involved to get this sorted quickly.\u201d<\/p>\n<p>The committee took evidence from the football authorities in February when talks between the Premier League and EFL over a new funding settlement were scrutinised.<\/p>\n<p>The plan for a regulator, recommended by a fan-led review, has been confirmed by the government and should be established by 2024.<\/p>\n<p>Ensuring a fair distribution of money filters down from the Premier League is one of its aims, along with stopping clubs going out of business, giving fans greater input and introducing a tougher owners\u2019 and directors\u2019 test.<\/p>\n<p>Putting the broadcast revenues of both leagues into a shared pot is one proposal being considered, although parachute payments to clubs relegated from the Premier League have been a sticking point for the two organisations.<\/p>\n<p>The regulator will have \u2018backstop\u2019 powers to impose a new financial settlement if agreement cannot be reached, effectively forcing the Premier League to share more money down the pyramid.<\/p>\n<p>EFL chairman Rick Parry wants a 25 percent share of pooled broadcast revenue with the Premier League, merit-based payments across all four divisions, and the abolition of parachute payments to teams relegated from the top flight.<\/p>\n<p>In April he said the Premier League\u2019s stance on the payments was \u201cdisappointing\u201d.<\/p>\n<p>Parachute payments are solidarity payments made to help relegated sides adjust to lower revenues.<\/p>\n<p>The Premier League believes they help clubs be competitive once promoted, and has pointed to the fact there were eight clubs in the league last season that were promoted without parachute payments.<\/p>\n<p>The payments have been criticised for creating \u2018yo-yo\u2019 clubs and financial disparity between sides in the Championship.<\/p>\n<p>The Premier League has said it gives away 15 percent of its revenue already, and in 2020 also agreed to a \u00a3250m rescue package to help ease the financial challenge faced by EFL clubs as a result of the Covid-19 pandemic.<\/p>\n<p>This month Sports Minister Stuart Andrew MP said he was \u201coptimistic that discussions between the Premier League and EFL will find a solution on this urgent issue\u201d, and was \u201chopeful that the resolution will be found soon\u201d.<\/p>\n<p>He added: \u201cI would urge both sides to reach a deal as soon as possible. It is in the game\u2019s interests to avoid the risk of further financial uncertainty.\u201d<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/eritrea\">Eritrea<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eritrea. The Premier League and English Football League must \u201curgently\u201d agree on sharing more revenue with clubs down the football pyramid, or risk having a settlement forced on them, say MPs. A report by the Culture, Media, and Sport (CMS) Select Committee says that if no funding plan is reached soon, the government [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":18703,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,17],"tags":[242,243,233],"class_list":["post-18704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-sport","tag-africa-press","tag-africa-press-eritrea","tag-eritrea"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MPs urge EPL to agree EFL funding deal or risk forced settlement - Eritrea<\/title>\n<meta name=\"description\" content=\"The Premier League and English Football League must \u201curgently\u201d agree on sharing more revenue with clubs down the footbal ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mps-urge-epl-to-agree-efl-funding-deal-or-risk-forced-settlement\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MPs urge EPL to agree EFL funding deal or risk forced settlement\" \/>\n<meta property=\"og:description\" content=\"The Premier League and English Football League must \u201curgently\u201d agree on sharing more revenue with clubs down the footbal ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mps-urge-epl-to-agree-efl-funding-deal-or-risk-forced-settlement\" \/>\n<meta property=\"og:site_name\" content=\"Eritrea\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-30T18:35:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-30T18:47:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2023\/06\/sm_1688134583.450991.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"749\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mps-urge-epl-to-agree-efl-funding-deal-or-risk-forced-settlement#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mps-urge-epl-to-agree-efl-funding-deal-or-risk-forced-settlement\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"MPs urge EPL to agree EFL funding deal or risk forced settlement\",\"datePublished\":\"2023-06-30T18:35:12+00:00\",\"dateModified\":\"2023-06-30T18:47:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mps-urge-epl-to-agree-efl-funding-deal-or-risk-forced-settlement\"},\"wordCount\":593,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mps-urge-epl-to-agree-efl-funding-deal-or-risk-forced-settlement#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eritrea\/sites\/27\/2023\/06\/sm_1688134583.450991.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Eritrea\",\"Eritrea\"],\"articleSection\":[\"all news\",\"sport\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mps-urge-epl-to-agree-efl-funding-deal-or-risk-forced-settlement#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mps-urge-epl-to-agree-efl-funding-deal-or-risk-forced-settlement\",\"url\":\"https:\/\/www.africa-press.net\/eritrea\/all-news\/mps-urge-epl-to-agree-efl-funding-deal-or-risk-forced-settlement\",\"name\":\"MPs urge EPL to agree EFL funding deal or risk forced settlement - 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