Premier League rejects Project Big Picture

The Premier League has rejected Project Big Picture, which was brought forward by Manchester United and Liverpool. The proposals included an immediate £250million bailout for the EFL and a 25 per cent share for the league every year in any future Premier League media revenues, they also sought to concentrate Premier League power in the hands of the so-called ‘big six’. Premier League clubs did not endorse PBP when they met on Wednesday, and they will instead continue work on a “strategic plan” involving all 20 teams. They also agreed to offer an additional £50million in grants and loans to clubs in League One and Two on top of £27.2m already advanced in solidarity payments.