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Leicester City receive warning as King Power presented with £1.5 billion proposal

Details of the Premier League's proposal were presented to the Foxes last week

By Jamie Gardner · Leicester Mercury

Published: Wednesday, 23 September 2026 at 10:01 AM

Key Things to Know

EFL clubs were warned triggering regulator backstop powers could delay financial settlements by up to two years.
The Premier League proposed an increase of over £1.5 billion in solidarity funding across 10 years.
The proposal includes a five percent cut to parachute payments over six years.

The Story in 60 Seconds

Leicester City and fellow EFL clubs have been warned they could face a wait of up to two years if they trigger the Independent Football Regulator's backstop powers regarding a financial settlement. The Premier League presented details of its proposed 'New Deal' to 72 EFL clubs, offering an increase in solidarity funding of more than £1.5 billion over the next 10 years.

The proposal includes reducing parachute payments by five percent across six years, creating a £20 million lifeboat fund for clubs in administration, and requiring 15 percent of funding to go toward infrastructure. EFL clubs are scheduled to meet over the next fortnight to continue discussions on the settlement.

Read the full article on Leicester Mercury