Premier League clubs have unanimously approved a proposed 10-year funding partnership with the English Football League, moving a long-running financial dispute closer to resolution. The formal proposal will now be considered by the EFL and its 72 member clubs, potentially avoiding an imposed settlement by the new independent football regulator.

No official value has been disclosed, although Sky News has reported the package could be worth £1.5bn; the Premier League has not confirmed or denied this. It says the plan is fully funded and is expected to be supported by a transfer levy, alongside its existing commitment to invest £1.6bn every three years in the wider game and communities.