Overview

• The Premier League has failed to agree on a £900 million support plan for EFL clubs, causing significant backlash from the government, EFL clubs, and public figures.
• Government officials and the Culture Secretary have expressed frustration and hinted at accelerating the passage of the Football Governance Bill, which could introduce an independent regulator for the English game.
• Premier League clubs have instead prioritized reforming their own financial system, with a focus on aligning with squad costs and phasing out current Profit and Sustainability Rules.
• Critics, including Gary Neville and EFL club executives, have labeled the Premier League's failure to support the EFL as 'shambolic' and a 'disgrace', accusing some clubs of acting in self-interest.
• The Premier League insists on finalizing its new financial system before agreeing to any deal with the EFL, despite mounting pressure and the looming threat of government intervention.