According to Mark Kleinman, Premier League owners are uncertain about the financial commitments they would have to make to the English Football League for a financial redistribution agreement worth more than £900 million, which might be a severe blow for West Brom.
On November 16, a Sky News journalist reported via City AM that several Premier League owners who are not part of the big six teams think the present structure of the arrangement could put them in “genuine financial peril.”
This is in response to reports that EFL clubs asked for half of the first installment of the new deal’s payments to be made upfront, which has strengthened the PL owners’ desire to put off making a formal decision.
Many of those issues stem from the fact that there would be a large up-front payment despite having no line of sight to their future income or benefits from the deal, which has caused concerns that there may be huge financial losses for some of the smaller clubs in the league.
West Brom were among the clubs in the EFL set to benefit from this new deal, as it would have seen more money coming their way amid financial concerns at the club after the Premier League’s parachute payments ended at the close of last season.
Kleinman has claimed that clinching this vote is fast becoming a test of the Premier League leadership’s credibility, with the decision-makers at the top now seemingly dictated to by the concerns of wealthy owners.
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