Premier League clubs set for emergency meeting to resolve £900m EFL deal

Premier League clubs are set to have an urgent meeting about a £900m deal with the EFL.

The 20 top-flight clubs will meet on Thursday, February 29, to try and agree on a six-year package to help the 72 EFL clubs in the pyramid after months of no progress. Premier League chiefs are reportedly eager to sort out the issue before the Government gets involved as the Football Governance Bill is due to go through Parliament soon.

A new independent regulator could make sure a deal happens and Culture Secretary Lucy Frazer has asked for clubs to reach an agreement before the bill is passed. Premier League teams could even vote on a deal next week but one club said that an agreement "seems a long way off". There is another meeting planned for March 11.

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Talks stopped before Christmas when the top clubs couldn't agree on how and who would pay for the new EFL deal. Rick Parry, chairman of the EFL, has warned that lots of clubs are at risk of going bust without help from a portion of the Premier League's riches.

Parry has expressed the vital role that the EFL plays in helping to discover and develop future Premier League stars, combined with the priceless bond that clubs have with their local communities. Only six clubs - Arsenal, Chelsea, Everton, Liverpool, Manchester United and Tottenham Hotspur - have been Premier League ever-presents.

Premier League clubs have been told to sort out their own deal or risk a new regulator stepping in. The problem is that the new Profit and Sustainability Rules haven't been agreed yet, so they can't plan for the EFL