English Premier League clubs decided to stop the project 'Big Picture,' which was aimed to change the financial rules across all the English football competitions. All 20 clubs voted against the innovations and decided to cooperate to create a renewed approach. Login Casino reviews the project and tries to forecast further the situation's development.
One of the hottest sports news during the last week was related to the project 'Big Picture' that was initiated by Liverpool and Manchester United. The two English football giants opened the discussion about the new financial rules and revenue spreading throughout all the English Football League teams, where 'bigger clubs' would have to receive more ruling power. According to the initiators, it would have to facilitate the further promotion of football in the country and EPL as an international product.
Why did the 'Big Picture' appear, and what were its main conditions?
This issue arose sharply after the pandemic outcomes began hitting clubs of lower divisions, and some of them were not able to cope with economic downfall related to closed stadiums and the absence of ticket sales. As the broadcasting is not so developed in the lower divisions, those clubs felt a drastic decrease in incomes. The 'Big Picture' project was dedicated to helping the lower divisions, giving them about 25% of all broadcasting rights in English football and immediate help for survival.
Among the other drastic changes were cutting the English Premier League to 18 teams, abolishing the Community Shield and League Cup, parachute payments cancellation that was dedicated to the clubs that leave the highest division. Nevertheless, the biggest opposition concerned the initiative to change voting rules and power spreading, giving exclusive rights to only nine EPL clubs instead of the recent equable situation among all 20 teams. Most participants of the process, including the lower-division clubs, perceived the 'Big Picture' as the intent to gain all the financial wealth by the 'Big Six Teams,' whose voting power should become disproportionately massive.
What will happen next?
The most surprising in this situation was the position of Liverpool and Manchester United that initiated changes but then voted against the 'Big Picture.' It seems to be some kind of 'reconnaissance battle' launched by big clubs to see the football community's reaction for further strategy adjusting. Even though the 'Big Picture' can be considered a failure, a small part of the English football community denies the need to reformat the recent financial situation caused by the crisis. It means that we have to expect new initiatives very soon.
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