Hopes had been raised by sources within the league that a funding offer would be made at the end of Monday's shareholders' meeting, but none was forthcoming.
There are understood to be a group of teams who are prepared to back the offer - which would be conditional on the introduction of new cost control measures at EFL level - but those clubs want certainty around the new financial system for the Premier League before voting it through.
An executive at one of the clubs, who was present at Monday's meeting, said they are concerned about a situation where little to no restriction is placed on spending at the Premier League level compelling clubs to follow the biggest spenders if they want to stay competitive - but heavily restricted in the Championship. They believe that would put any club relegated from the Premier League immediately in financial peril
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Denne historien er fra March 15, 2024-utgaven av The Herald.
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Sabine lands first RAF boxing title in nine years
THE first RAF national boxing medal for nine years has been claimed by a boxer from Plymouth. Corporal Jennifer Sabine, who is from Woolwell, emerged as the female under-50kg category winner at the England Boxing National Development Championships (EBNDC).
Perks off as Argyle are beaten by Robinesses
PLYMOUTH Argyle fell to an unfortunate 2-0 defeat to Cheltenham Town at Kimberley Stadium, in the FA WPL Premier Division on Sunday, with manager Ryan Perks sent off following a controversial second goal for the visitors.
Raiders maintain home record in friendly victory
IT WAS a hectic week in the world of the Plymouth Raiders, with the club having to pull out all the stops with Portsmouth Force being in National Cup action.
Nadal all poised for grand finale
Rafael Nadal will try to keep his emotions in check as he prepares for the final event of his professional tennis career.
Buttler wants to call on big guns
JOS Buttler has his fingers crossed Ben Stokes and Joe Root are keen on white-ball returns for England in a bid to get the “team back to where we want to be”.
Farmers to protest over inheritance tax
LARGE demonstrations by farmers were expected in London today as they fight to reverse \"absolutely unacceptable\" changes to inheritance tax.
Man jailed for arson threat on mosques
A FATHER-OF-FOUR who made a TikTok video threatening to burn down every mosque in Newcastle has been jailed for 20 months.
Starmer in call for 'respectful' ties with China
SIR Keir Starmer has said he told Xi Jinping he wanted “respectful” relations with Beijing as he became the first prime minister to meet the Chinese president since 2018.
Review into tree felling about to open
PANEL CHOSEN FOR INQUIRY'S INDEPENDENT INVESTIGATIONS
'Don't ever feel you're a nuisance'
CANCER SUFFERER SAYS GET CHECKED OUT
