Man Utd legend slams Premier League’s £925m decision delay that will impact Sunderland, Leeds & Co
Manchester United star and co-owner of Salford, Gary Neville, has charged the Premier League with neglecting the rest of English football.
He has launched a vicious attack, calling the EFL’s inability to reach an agreement on new funds a “absolute disgrace.”
The London shareholders’ meeting on Monday concluded without an offer being made because elite clubs believe that negotiating a new financial structure to replace the existing PSRs (profitability and sustainability standards) should take precedence. With an estimated value of up to £925 million, Premier League teams convened on Monday to vote on a new six-year contract that would see revenue trickle down to the EFL. But that conversation was halted, with emphasis placed on with an emphasis on updating their own financial standards as concerns about sustainability and profitability rules (PSR) continue.
“What interests me more is the vote they were not given, which was to back the Football League, which they keep shoving aside and it’s a complete shame,” Neville stated to Sky Sports.
The sustainability of the entire league and the well-being of the game are at stake. Currently, the Premier League is being careless in their dismissive behavior, simply putting it off and hoping that a regulator would take care of it eventually. In the meantime, they are doing nothing.
“It just shows to me that they are not taking proper care of the entire game, which is not good governance.” Every time I watch them having a Premier League meeting and appear to take care of themselves but not the rest of football, it enrages me.
When the PA news agency contacted the Premier League for a response to Neville’s comments, the league, which had previously stated its position in a statement, remained silent.
The government has stated time and time again that it wants the football authorities to reach a new financial settlement amongst themselves, but it has also issued a warning that ‘backstop’ powers that will be granted to the new independent regulator may force them to do so. The EFL has not yet responded.
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