Premier League clubs have rejected the “Project Big Picture” created by Manchester United, Liverpool.AFP
Premier League clubs on Wednesday unanimously agreed to reject the radical “Project Big Picture” plan to restructure English football. According to the controversial proposals, the number of teams in the Premier League would have been reduced from 20 to 18 and the League Cup would have been canceled. The biggest club in the top flight would have been given more power in exchange for the English Football League’s (EFL) rescue package and greater share of broadcast revenue.
Although the majority of EFL clubs expressed support, the plan was criticized by the British government, the football association, the Premier League and fan groups.
“All 20 Premier League clubs today unanimously agreed that” Project Big Picture “will not be supported or pursued by either the Premier League or the FA,” the Premier League said in a statement.
“Further, the Premier League stakeholders agreed to work together as a 20-club collective on the future structure and strategic plan for the financing of English football, consulting with all stakeholders to ensure an enthusiastic, competitive and sustainable football pyramid.”
The Premier League also agreed to a 50 50 million ($ 65 million) rescue package in the form of grants and interest-free loans for clubs in League One and League Two, who face financial ruin without returning supporters to the stadium.