Ex-Man City adviser 'amazed' as Premier League clubs approve EFL deal

Premier League clubs have voted in favour of a hugely beneficial deal for the EFL, but it took far too long to reach this conclusion.

That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider that the time needed to agree the new deal is simply "amazing".

The Premier League announced on Thursday, 30 August, that all 20 clubs have unanimously voted to send £1.5billion to the rest of the football league over the next decade.

It will become a record investment into the wider game, and it is understood it will see Man City, Arsenal and Chelsea become the biggest contributors due to an increased transfer levy.

The division's highest earners would have to pay the most, thanks to the proposed redistribution formula, rather than every club paying the same.

Borson is in no doubt about the positives of this new deal, but was stunned by just how long it took for an agreement to be reached.

Premier League deal is 'essential for the game'

Speaking exclusively to Football Insider, Borson explained just why the deal is so "essential," but was left disappointment by the timeline.

"It's essential, first of all. Without it, the whole thing is largely unviable, aside from owner funding. So it's essential and it's essential for the Premier League as well," he said.

"The IFR, the independent regulator, will impose something if they don't agree on something very soon. Everybody needs it to happen.

"It's essential for the game, it's essential for the Premier League but in a different way. It's pretty amazing, I think, that it's taken this long.

"It's completely critical to League One, League Two and the Championship. Without it, I don't know where we'd be.

"Because this deal, this solidarity payment, allows them to function because the TV deal that they get themselves is just not enough."

How have EFL supporters reacted to the news?

Despite such positive reactions to the actions of the Premier League giants, those in the leagues below are not so receptive, to say the least.

The Premier League are being accused of being "greedy" and a "cartel," one which continues to roll around in money, while the others suffer.

One fan appears to have come up with a more suitable plan, which would see even more funds spread throughout the football league.