EFL call for radical change to football finances following botched Super League plot

The EFL has released a statement welcoming the decision by the Premier League 'Big Six' to drop out of the Super League, as well as calling for a 'reset' in the way that revenue is distributed in football.

After Sunday's grand unveiling, the competition has been condemned by supporters, players and managers alike. UEFA, FIFA and the FA also indicated they would be willing to impose harsh sanctions, leading to the English clubs withdrawing from the doomed project on Tuesday evening.

The EFL, who came out against the idea from the offset, welcomed the news in a statement which read: "With widespread opposition met at home and abroad, including from the EFL, these divisive proposals threatened the sporting principles of the football pyramid that our founding members pioneered over a century ago.

"Across the globe, people in and outside of the game spoke up when it counted. The EFL is heartened by the response and remain proud to be part of a unified footballing system that promotes open competition, gives everybody a chance to dream and continues to inspire generations of young people in the communities from where our Clubs take their name."

The EFL went on to call for a fairer distribution of wealth in football, with many of their members clubs at threat of extinction due to the pressures of the pandemic.

"The message is clear that the pyramid must be protected above all. The European Super League failed in part due to a model of distorted and unfair financial distributions, a criticism that can also be levelled at the current financial model in our own domestic game.

"The EFL hopes the same enthusiasm can be immediately directed to achieve appropriate and much needed change to the distribution of wealth in our domestic leagues, and we will work with all parties to push for this reform. By resetting economically, we can support all Clubs in achieving a sustainable future, promoting the principles that so many have fought for.

"Reforms must also consider UEFA’s own Champions League restructuring which pose an existential threat to our competitions, including the League Cup, which provides vital income to EFL Clubs and is the breeding ground for stars of the future."