Backers of a significant shake-up that is dividing English football have been forced to defend the proposals amid fierce criticism from the UK government, the Premier League and the Football Association.
The plan, devised by Rick Parry, the chairman of the English Football League, which runs the three divisions below the top flight, and Liverpool and Manchester United, the Premier League’s two most successful clubs, would hand a £250m bailout to the EFL as well a 25 per cent share of future media revenue.
For Mr Parry, it is a chance to reset English football and address the unsustainable surge in costs to keep up as the gulf widens between the Premier League and the EFL. It also marks a power grab by the top clubs, as it would concentrate power in the hands of the Big Six, which includes Arsenal, Chelsea, Manchester City and Tottenham Hotspur.
The English football pyramid could be set for a drastic overhaul as Manchester United and Liverpool lead ‘Project Big Picture’.
Proposals revealed by The Telegraph have shown the drastic changes being planned in an ‘extraordinary overhaul’.
Much has been made of what has been described as a ‘power grab’ by top clubs and met with widespread condemnation from across the football world.
EFL chairman Rick Parry insists the drastic overhaul would be for the “greater good of the game” and includes several financial packages to support those lower down the pyramid as football grapples with the costs of the COVID-19 pandemic.
But several elements of the detailed proposal are cause for concern – here’s a look at five points which are most worrying for football fans.
The neighbouring rights market is growing. According to the IFPI, the sector grew in value from $1.4 billion in 2010 to $2.6bn in 2019 – and today brings news of a series new player entering this sector.
peermusic has acquired Canada-based Premier Muzik, France-based All Right Music and Netherlands-based Global Master Rights to form a new neighbouring rights company.
All three acquired firms will continue to operate under their current names while identifying as peermusic companies (ex. “Premier Muzik, peermusic neighbouring rights”) and out of their existing offices.
peermusic’s neighbouring rights client roster will be made up of the clients of the combined companies, encompassing over 300 record labels and more than 2,500 performers, including Rihanna, Billie Eilish, Imagine Dragons, DJ Snake, Metallica, Jacques Brel, Jean-Michel Jarre, Leonard Bernstein, Megan Thee Stallion, Finneas, Lady A, Lang Lang, Lizzo, Panic! At The Disco, Migos, and David Guetta, to name a few.