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The Premier League clubs rejected Project Big Picture, but agreed to create an emergency financial package for the League One and League Two clubs.
In a virtual meeting on Wednesday, the 20 clubs “unanimously agreed” that neither the Premier League nor the FA would endorse or follow the proposals, which included changing the Premier League’s voting structure as well as the funding models for the League. of English Soccer. (EFL) and Football Association (FA).
The clubs are also committed to working as a “collective” and with transparency on any future plans involving the structure or financing of English football.
These proposals, which have now been rejected, were initially drawn up by Liverpool, with the backing of Manchester United.
The plans had involved several other major changes to the structure of English football, with a reduction from 20 to 18 teams in the Premier League and the scrapping of the EFL Cup and Community Shield.
In a statement on Wednesday, the Premier League said: “All 20 Premier League clubs unanimously agreed today that Project Big Picture will not be endorsed or persecuted by the Premier League or the FA.
Additionally, Premier League shareholders agreed to work together as a collective of 20 clubs on a strategic plan for the future structures and financing of English football, consulting with all stakeholders to ensure a vibrant, competitive and sustainable football pyramid.
“The clubs will work collaboratively, in an open and transparent process, focusing on the structure of the competition, timing, governance and financial sustainability.
“This project has the full support of the FA and will include engagement with all relevant stakeholders, including fans, the government, and of course the EFL.”
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The EFL, however, said that most of its clubs overwhelmingly supported Project Big Picture plans following meetings with President Rick Parry.
Six championship clubs have said so Sky Sports News they could go out of business at the end of the season without fans and without a bailout.
On the EFL bailout, the Premier League said it “aims to ensure that the League One and League Two clubs do not go bankrupt.”
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He added: “League One and League Two clubs are more reliant on matchday income and have fewer resources at their disposal than Championship or Premier League clubs and therefore are at higher risk, especially at a time when fans are unable to attend games.
“This offering will consist of interest-free grants and loans totaling an additional £ 50 million in addition to the solidarity payments of £ 27.2 million already advanced to League One and League Two this year, making a total of £ 77.2 million. “
“Discussions will also continue with the EFL regarding the financial needs of championship clubs. This addresses the government’s concerns about the financial fragility of lower-league clubs.
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“Football is not the same without the fans attending and the football economy is unsustainable without them. The Premier League and all of our clubs remain committed to the safe return of fans as soon as possible.”
Before the meeting, the owner of a Premier League club said Sky Sports News only six high-level teams are in favor of the proposals.
“We are 100 percent against the plans,” he said. “If there was a vote now, I would be surprised if more than six supported it. I can guarantee you that the majority of club owners are against it.”
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