THE KEY POINTS

PROJECT BIG PICTURE

League cut to 18 clubs.

£250m bailout for Football League and in future 25 per cent of Premier League’s annual income goes to EFL.

No parachute payments.

League Cup and Community Shield scrapped. A £100m ‘gift’ to the FA. Special voting rights for Big Six, plus Everton, West Ham and Southampton.

Promotion play-offs involve 16th side in Premier League.

Clubs have rights to sell eight live matches a season to fans via their digital platforms in all international countries.

SAVING THE BEAUTIFUL GAME

Create a new regulatory body that is independent of the current structure.

Distribute funds to the wider game based on a funding formula and a fair levy payable by the Premier League.

Set up a new licencing system for the professional game.

Review causes of financial stress in the Football League, including parachute payments and salary caps.

Reform the FA to ensure it is independent, diverse and representative of English football.