“Premier League Shareholders today unanimously agreed to work together as a 20-club collective on a strategic plan for the future structures and financing of English football,” read an official statement on Wednesday.
“Premier League clubs also agreed that Project Big Picture will not be endorsed by the Premier League, any of its clubs or The FA.”
According to the document, suggestions included:
However, the rule has been scrapped now. It was placed by Manchester United and Liverpool who besides wanting to help the teams from the lower division wanted to use the situation to strengthen their position to take over control in the Premier League.
However, the clubs were absolutely not in pro of the idea where they would stand to lose power to the top 6 essentially of football – Manchester United, Manchester City, Chelsea, Liverpool, Arsenal and Tottenham Hotspur!
The whole idea has now been canceled.
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