Clubs with modest finances in the Premier League oppose the plan proposed by Man Utd and Liverpool.
“The shareholders of the Premier League agreed, as a group of 20 members, that Project Big Picture will not be implemented”, the announcement from the Premier League Organizing Committee had the paragraph. “We will continue to discuss the restructuring plan for the tournament as well as ensure the financial situation for the teams in the future”.
“Project Big Picture” was initiated by the Big 6 group in the Premier League, led by Man Utd and Liverpool. This club group wants to change the structure of the first tournament in the fog, such as reducing the number of participating teams to 18 and only two teams being relegated directly. The 16th placed team played a play-off with one of the four First Division teams, ranked third through sixth. In addition, this project also calls for the elimination of the British Super Cup, and possibly the League Cup.
The goal that the bosses of Man Utd and Liverpool are aiming for is to increase the share of TV rights. Currently, the ratio between the top and bottom teams of the Premier League is 1.8: 1. The Big 6 wants this ratio to be 4: 1, similar to how La Liga prioritized Real Madrid and Barca.
If through “Project Big Picture”, the English Football Federation (FA) will receive $ 130 million immediately. First-place teams also earned $ 325 million, and were committed to receiving 25% more Premier League revenue. This is a great source of support, especially when many teams are seriously affected after Covid-19.
Premier League Organizing Committee (EFL) chairman Rick Parry supported the project, saying it would help solve many of the problems facing lower clubs. In addition, reducing the number of teams participating in the Premier League and dropping the League Cup will help teams avoid losing their fitness when attending the European Cup.
The representative of the opposing group “Project Big Picture” said: “Football really needs reform. We’ve talked about it for years, but not by concentrating power on the hands of six billionaire owners “Collaboration is a specialty of the Premier League, and we need to immediately eliminate any elements that are intended to be profitable.”