The Premier League has agreed on a proposal to reset financial distribution within English football’s top four divisions, one that would lead to an extra £1.5bn being shared across the pyramid over the next decade. Clubs voted unanimously to support the so-called “new deal for football” at a meeting on Thursday, after discussions with the EFL. To cover the extra costs, Premier League clubs have reportedly agreed to raise the transfer levy applied to all top-flight deals from 4% to 6%. The Premier League said in a statement that its clubs had “unanimously voted to approve a funded proposal for a new strategic partnership with the EFL”. This is the first time that Premier League clubs have officially agreed a proposal that could be put to the EFL since they were first asked to give more money to the rest of the pyramid five years ago.