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Premier League clubs under pressure to agree to £900m deal to stop football inequality, as EFL warns of clubs going out of business.

Premier League clubs have been urged to come to an agreement with the English Football League (EFL) to address the issue of football's "inequality."

Key figures in the football world held discussions with government officials on Thursday ahead of a crucial Premier League meeting next week. The focus of the meeting will be a proposed £900 million deal to provide financial assistance to other football clubs. There is growing concern that the Football Governance Bill might be introduced before the 20 top clubs can reach a consensus, adding pressure to reach an agreement.

Fair Game, a group advocating for fairness in football, has emphasized the importance of reaching an agreement that benefits all aspects of the sport. According to Fair Game, the Premier League views the upcoming meeting as an opportunity to finalize the deal and determine the financial aspects of its implementation. However, there is ongoing debate among the clubs about who will bear the financial burden and who will benefit.

The group also highlighted the imbalance in the distribution of TV revenue, with the majority going to Premier League clubs and only a small fraction reaching smaller clubs. This disparity has contributed to significant financial challenges for many clubs.

Fair Game emphasized the need for an independent regulator with authority over financial matters to address the financial instability in football. EFL chair Rick Parry has warned that without financial support, a large number of clubs will face the risk of going out of business. The Premier League has expressed its eagerness to reach a deal and break the current deadlock.

In January, Parry appeared before a committee to provide evidence on the efforts to reach an agreement. This came in the wake of a protest by fans of League One side Reading, which resulted in a match being abandoned.

Parry stressed the importance of creating a sustainable future for clubs, emphasizing the need for a fairer system of distribution and redistribution of funds. He also expressed openness to the idea of an external regulator, as long as it is fair and competent.

The pressing issue at hand is the financial instability facing many clubs, with two-thirds of EFL clubs facing insolvency without redistribution. Parry emphasized the need for the right solution, acknowledging that the current system is broken and in need of reform.

The clubs are united in their desire for a better future and a fairer system, recognizing that the status quo is unsustainable. The upcoming Premier League meeting presents a crucial opportunity to address the financial challenges facing football and pave the way for a more equitable and sustainable future.