Premier League clubs are preparing to vote next week on a proposed 10-year financial package that would provide around £1.5 billion in additional funding to English Football League (EFL) clubs. Multiple reports say the talks are aimed at reaching a binding agreement within weeks, with the league’s top clubs considering the terms for a long-term support arrangement for lower-league sides.

The proposed deal is described as a landmark arrangement in English football, intended to channel substantial new resources to the EFL over the course of the deal’s duration. Ahead of the vote, Premier League clubs are expected to weigh the structure and conditions of the funding package, which is broadly framed as extra investment for EFL clubs.

While the reported figures focus on the scale of the funding—approximately £1.5 billion over ten years—both sources indicate the timing is the immediate focus, with a vote scheduled next week and the goal of finalizing a binding settlement soon after.