Premier League release statement after Middlesbrough warning and £1.5bn proposal

The Premier League has issued a statement confirming that discussions are ongoing regarding a new strategic partnership proposal offered to EFL clubs, including Middlesbrough. Top-flight clubs unanimously backed the proposal in July before formally presenting it to the EFL, aiming to conclude an agreement promptly so funding can flow this season.

Documents indicate the proposed 'New Deal' includes an increase exceeding £1.5bn in solidarity funding over a decade, alongside changes to cost control measures and a five percent reduction in parachute payments over six years. The update follows warnings that triggering the Independent Football Regulator's backstop powers could delay financial settlements by up to two years.