English football's top flight has proposed handing over an additional £125m-a-year to the rest of the professional pyramid as an independent regulator for the sport looms, Sky News learns.
A new distribution model would also be introduced, with merit payments being awarded to clubs based on their performance in the EFL.
"The current approach has affected competitiveness and led to financial risk-taking by clubs - the persisting revenue disparities encourage clubs to take financial gambles in an attempt to achieve promotion or avoid relegation. The £125m-a-year proposed by the top flight would be in addition to the current system of 'solidarity payments' it makes to Championship and other EFL clubs - currently totalling £110m-a-year.
During the Premier League's current three-year domestic broadcast rights deal, £1.6bn is being distributed by the top flight, encompassing payments to the EFL as well as other football-related initiatives such as a new defibrillator fund.
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