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Leicester City told £297m deal comes with conditions before extra money ‘can flow’

A 10-year offer is on the table for King Power to consider

By James Pallatt · Leicester Mercury

Published: Sunday, 27 September 2026 at 11:05 AM

Key Things to Know

The Premier League offered a 10-year financial agreement to increase solidarity funding to EFL clubs.
The proposed deal includes an immediate £81 million boost and an extra £163 million annually by 2028-29.
Funding conditions require new cost controls and shortening Carabao Cup semi-finals to one leg.

The Story in 60 Seconds

The Premier League has presented a 10-year 'New Deal' proposal to the EFL that would significantly increase solidarity payments to clubs including Leicester City. The offer pledges an additional £81 million during the current season and an extra £163 million annually by the 2028-29 campaign, more than doubling existing payouts.

The proposed financial boost is contingent on EFL clubs agreeing to new cost-control rules and reducing Carabao Cup semi-finals to single-leg matches. While clubs have been warned that relying on the Independent Football Regulator could delay an agreement by up to two years, EFL teams are expected to submit feedback before upcoming meetings.

Read the full article on Leicester Mercury