The Premier League has rejected the controversial Project Big Picture proposals to reform English football but has committed to a strategic review that will seek a "vibrant, competitive and sustainable" league structure".
Last weekend, The Telegraph reported Liverpool and Manchester United were at the forefront of plans that sought to divert significant funds towards the English Football League (EFL), while also ending the Premier League's one-club/one-vote system of rule and weighing voting rights in favour of the recognised "big six" and the three other longest-serving teams in the top flight.
EFL chairman Rick Parry - the former Liverpool chief executive and one of the architects of the Premier League's breakaway in 1992 - publicly backed the plans, which were said to include a £250 million ($326m) bail-out for clubs in the lower divisions stricken by the Covid-19 crisis and a commitment to divert 25 per cent of all future Premier League television deals to the other three professional divisions in England.