The EFL have rejected the offer of a bailout from the Premier League and have said they will only consider any offer if it encompassess all Championship, League One and League Two clubs in the future.
The Premier League had offered grants to League One and League Two sides totalling around £50million but didn’t offer anything to the teams in the Championship.
However, that offer fell flat after a meeting of the EFL on Thursday and they released a statement in the aftermath detailing why they decided to say no to the interest-free loan offer.
It said: “The need for continued unity across the membership base was fundamental to discussions across all three divisions, and therefore there was a strong consensus that any rescue package must meet the requirements of all 72 Clubs before it can be considered in full.
“The League has been very clear in its discussions of the financial requirements needed to address lost gate receipts in 2019/20 and 2020/21, and while EFL Clubs are appreciative that a formal proposal has now been put forward, the conditional offer of £50million falls some way short of this.
“The EFL is keen to continue discussions with the Premier League to reach an agreeable solution that will address the short-term financial needs of all of our Clubs and allow us the ability to consider the longer-term economic issues in parallel that specifically look to achieve a more sustainable EFL for the future.”
The bailout offer grew from the much-maligned “Project Big Picture” which has seen Liverpool and Manchester United push for reform of English football which has been supported by EFL chief Rick Parry and most of its member clubs.
Premier League chief executive Richard Masters has previously said he recognises the frustration over Project Big Pictures but that he has “no beef” with the EFL.
"Clearly there's some frustration, a proposal that hadn't had any input from the Premier League, from our clubs, has been pushed so hard in public," he said.
"But we don't have a beef with the EFL, certainly not with its clubs. We want to have a good relationship with them. We're their biggest partner.
"We have a historic relationship with them. So we want it to be constructive."
