sport news EFL funding deal set to be agreed that will see MILLIONS flow from the Premier ... trends now EXCLUSIVE: EFL funding deal set to be agreed that will see MILLIONS flow from the Premier League to the Football League, in what would be a final victory after parachute payments were cancelled due to the pandemic EFL clubs have been pushing for more money since the start of the pandemic Their demands have been backed by the government but resisted by PL clubs The reforms would mean more EFL clubs would receive a greater sum each year By Matt Hughes For The Daily Mail Published: 22:30 BST, 8 August 2022 | Updated: 00:15 BST, 9 August 2022 1 Viewcomments Premier League clubs could finally agree a new funding package for the EFL worth hundreds of millions of pounds following a two-year stand-off at a hastily convened shareholders meeting tomorrow. The EFL have been asking for more money and the abolition of parachute payments since the start of the pandemic. The demands have gained the support of government and the wider football community, but despite lengthy negotiations the top-flight clubs have yet to make a substantive offer. EFL clubs have been pushing for more money since the abolition of parachute payments Their demands have been backed by the government but resisted by the Premier League Under proposals titled A New Deal for Football to be discussed tomorrow a compromise agreement could be reached for the first time. Sportsmail has learned that there is widespread support amongst the clubs for increasing their funding of the lower leagues on the condition it is distributed on merit according to finishing position, while the controversial parachute payments could also be lowered in an attempt to reduce the huge financial chasm between the Premier League and the Championship. The net result of such reforms would be more EFL clubs receiving a greater sum each year, although those relegated to the Championship would lose out. The government is now threatening to impose independent regulation for the first time In return for increasing the funding and tweaking parachute payments the Premier League clubs are understood to be asking for guarantees from the Championship to field more homegrown players, in the hope of giving more game-time to their Academy products. While the proposed reforms could be put to a vote at tomorrow's meeting if a consensus emerges the decision may be put off to a later date to allow consultation with the EFL, the FA and government. The Premier League already put more money back into the lower leagues than any other comparable organisation, but have been pushed to increase their funding by the impact of the pandemic and pressure from government, who are threatening to impose independent regulation on the sport for the first time. Share or comment on this article: All rights reserved for this news site (dailymail) and under his responsibility