Project Big Picture has reportedly been rejected by the Premier League at an emergency meeting of the 20 clubs on Wednesday with Liverpool and Man United’s proposals ‘killed off at birth’.
The PBP plans included a £250million immediate payment to the EFL at a time when its clubs are starved of matchday income by the coronavirus pandemic and the promise of a 25 per cent share of future Premier League media revenues for the EFL.
However, the plans had been criticised for concentrating too much power in the hands of the Premier League’s so-called ‘big six’, with Liverpool and Manchester United having been the main architects of the proposals.
EFL chairman Rick Parry recently argued that the PBP proposals represent a chance for the EFL to secure its long-term future, and they had been cautiously welcomed by many – but not all – EFL clubs’ executives.
But a report in The Times claims that Premier League clubs ‘have kicked Project Big Picture into the long grass and agreed instead to hold an urgent strategy review involving all 20 members, as well as making a new bail-out offer to the EFL.’
The ’emergency meeting of the 20 clubs’ held today has ‘effectively killed off the plan at birth’ with the proposals running up ‘against opposition from a large majority of the top-flight clubs.’
However, the clubs instead decided to hold a ‘strategy review’ in the near future with the clubs also agreeing to a ‘rescue package’ for EFL clubs.
Meanwhile, a Premier League club owner told Sky Sports News on Wednesday: “We are 100 per cent against the plans. If there was a vote now I would be surprised if more than six supported it. I can guarantee you the majority of club owners are against it.
“Who knows, somebody might be able to come up with a compromise but there is no way we could support what’s on the table now.”