Premier League's Project 'Big Picture' OFF after two hour showdown talks with EFL bail-out but NO money for Championship
PREMIER League chiefs will declare Project Big Picture “dead” after today’s club meeting.
The two-hour summit ended with the Prem clubs agreeing to make a £50m bailout offer to keep League One and Two clubs alive.
But there will be NO money available for Championship clubs.
And despite the determination of Liverpool and Manchester United to keep their grand proposals alive, League bosses have agreed to make a formal denunciation which ALL clubs have been agreed to sign up to.
League chiefs were this afternoon drafting an emergency release that will be signed off by the clubs before it is published.
But SunSport has been told the statement WILL contain the stark message that Project Big Picture is dead.
That move comes after the clubs agreed on their bail out package for the lower two divisions, even though Championship sides could use their own veto power to block the funds being accepted.
The Prem sides recognised the expectation from the fans and pressure from the Government on them to help keep the lower league clubs alive.
That saw what is effectively a “take it or leave it” offer to Leagues One and Two.
The danger, though, is that Championship clubs are able to block any deal with the lower tier clubs.
Under EFL rules, the Championship must be in favour for any policy to be agreed by the entire League and the 24 clubs would be certain to vote unanimously against a deal that cuts them out.
However, the Prem sides believe that the Championship teams will be cast in the role of signing a death warrant for clubs that have just been handed a gallows reprieve and that they will back down from forcing a further confrontation.
The decision came as part of an at-times divisive virtual meeting of the 20 Prem “shareholder” clubs who voiced their anger and indignation at EFL chairman Rick Parry.
Parry has become the Prem’s public enemy number one for fronting the Project Big Picture proposals drafted by Liverpool and Manchester United.
A number of clubs are understood to have lined up to condemn the Prem’s first chief executive for his part in the plot.
Suggestions of a likely vote calling for Parry to stand down seem not to have materialised as the clubs recognised they have no formal right to dictate EFL policy.
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