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EFL set to ask Premier League for £70m saved from parachute payments after Watford and Norwich promotions - with cash-strapped clubs keen for money to be split to help ease pandemic's financial fallout

The EFL is set to ask the Premier League for the tens of millions it has saved thanks to the promotions of Watford and Norwich City.

Both sides were relegated from the top flight last season and would have been due around £70m in parachute payments had they remained in the Championship.

Indeed, the figure remaining in the Premier League’s bank account could hit north of £100m should Bournemouth – the third relegated side – be promoted via the play-offs.

The EFL is set to ask the Premier League for the tens of millions it has saved after Watford and Norwich's promotions

Now, Sportsmail understands that cash-strapped clubs in all three divisions below the top flight have strongly lobbied the EFL.