Premier League and EFL look to settle financial distribution dispute

The Premier League and EFL are looking at new proposals to settle the dispute around financial distribution down the leagues, UK Sports Minister Nigel Huddleston has said.

It was reported earlier this week that a 'New Deal For Football' had drawn support from top-flight clubs at a shareholders' meeting, which included a reduction in parachute payments and the introduction of merit-based payments in the Sky Bet Championship.

The Government has previously warned that if the leagues cannot agree on a way forward it will include powers for an independent regulator to impose a solution when it publishes a White Paper in the autumn.

The leagues have not commented on the report, but asked if he had the sense that they were moving closer to a solution, Huddleston said: "I don't just get the sense - I've had a meeting with them in the last couple of weeks and my understanding is that there are now new proposals on the table, and I'm looking forward to hearing from them very soon.

"I would hope that they can come to something that doesn't require regulation."

The EFL has consistently stated its desire to secure 25 per cent of the pooled media revenue in the future, something Premier League chief executive Richard Masters has said would be a disaster.

When the deal was reported, the Fair Game group which campaigns for football to become more sustainable said the plans had "more holes than a slice of Swiss cheese".

The group tweeted: "It shows a lack of respect for 100s of hard-working community clubs that are the heart and soul of towns and cities up and down the country. The pyramid is not the Premier League's plaything."

Huddleston also moved to allay fears that the change of leadership in the Conservative Party, with Rishi Sunak and Liz