This plans that was proposed by Liverpool and Manchester United, was rejected at a meeting of the 20 clubs.
‘Project Big Picture’ involved reducing the Premier League from 20 to 18 clubs and scrapping the EFL Cup and Community Shield.
The English Football League would have got 25% of all future TV deals, which would have been negotiated jointly, plus a £250m bail-out.
This would have also ultimately seen more power transferred to the so-called ‘big six’ Premier League clubs.
Instead, all clubs agreed to “work together” on a new “strategic plan” for the “financing of English football”.