The Premier League has received approval in principle for a three-year extension of its TV rights deal with UK broadcast partners, including Sky Sports.
The deal, which would extend the current rights arrangements for another three years, has yet to be approved by parliament and any opposition to the proposed plans must be filed by May 28.
Premier League clubs have also agreed on £100 million ($140.6 million) in additional funding for National League, women’s football, League One and League Two clubs and grassroots competitions.
Business Secretary Kwasi Kwarteng is “willing” to approve the new deal.
In a statement, the Premier League said: “The extensions in the UK for the next broadcast cycle – from seasons 2022/2023 to 2024/2025 – will be concluded at the same general value as the current arrangements between the Premier League and its broadcast partners.
“As part of the Premier League’s evolving strategic plan, the extensions will provide financial security to professional football clubs as a result of maintaining current levels of support and enable the League to provide more funding. and provide continuity throughout the pyramid until at least 2025.”
Read more from Sky Sports:
Richard Masters, Premier League Chief Executive, said: “The Premier League would like to thank our broadcast partners for their continued commitment to the Premier League and their support for the Football Pyramid.
“We greatly appreciate the Government’s agreement in principle to this arrangement and for their continued support for the Premier League and the English game. COVID-19 has had a significant impact on football and extensions with our UK broadcast partners will reduce uncertainty , generate stability and promote confidence within the football pyramid.”
The FA welcomed the deal and their CEO Mark Bullingham commented: “This increased funding from the Premier League will provide vital support to local football clubs and facilities across the country.
“These clubs are often the bedrock of their communities and run by volunteers who have done their best over the past year. We thank the Premier League for their positive action which will help the pyramid get back on its feet.”