A meeting between Premier League clubs on Monday ended without an agreement on a ‘New Deal’ for EFL funding.
The Premier League said in a statement its clubs had agreed to introduce a new competition-wide financial system.
It said that progress on a deal with the EFL was subject to the new system being approved by clubs.
It had been expected the Premier League would emerge from Monday’s meeting with tangible proposals to put forward to the EFL.
But despite a willingness to reach a deal it has remained elusive amid continuing issues over how an overall package would be paid for.
There is a feeling among some clubs that “bigger” members of the league should contribute a greater percentage.
The overall sum, which would be partly tied to future TV revenues, is expected to be around £900m over six years.
The EFL has a board meeting on Thursday, where the continued absence of a deal will be high on the agenda.
Premier League clubs last met on 29 February in another attempt at agreeing a deal.
But after no progress was made, Culture Secretary Lucy Frazer issued her warning that the new Football Regulator would intervene if a deal was not agreed.
The UK government confirmed a new independent body in English football in February. Among its purposes is to ensure a fair distribution of money filters down the English football pyramid from the Premier League.
The Premier League’s statement said its clubs had “agreed to prioritise the swift development and implementation of a new league-wide financial system” which will “provide certainty in relation to their future financial plans and ensure the Premier League is able to retain its existing world-leading investment to all levels of the game”.
It added: “Alongside this, Premier League clubs also re-confirmed their commitment to securing a sustainably-funded financial agreement with the EFL, subject to the new financial system being formally approved by clubs.”
