This from Fair Game:
The EFL articles of association stress that allocation of funding from the Premier League should be divided with 80% going to the Championship, 12% going to League One, and 8% going to League Two. Nothing goes to the National League.
To change the article of associations it requires a majority of EFL votes to
support it. However, 50% of EFL votes are controlled by Championship clubs.
So the reality is that model cannot change under the current structure,
existing Championship clubs are unlikely to vote for a new approach.
This gives an even stronger argument for financial flow to go to an independent
regulator - a regulator that can take a holistic view free from vested
interest.
Here are some examples of why it needs to change:
- Currently of the 80% given to Championship clubs over half goes to clubs in receipt of parachute payments, leaving clubs like Luton at a massive disadvantage.
- Looking at attendances in the EFL: 60% of fans attend Championship matches, 25% League One and 15% League Two.
- EFL voting is weighted 50% to Championship, 33% to League One and 17% to League Two.
Taking that all into account and the
cliff-edges between divisions, Fair Game’s financial experts suggest an
abolition of parachute payments, a split of 46% to the Championship, 24% to
League One, 13% to League Two, 7% National League, 3.5% to National League
North and the same to National League South.
Either way, for the benefit of our national game, the decision on financial
flow must rest with an independent regulator and not those with a vested
interest.