- Liverpool and eight top Premier League clubs support proposals to reduce teams to 18
- A number of changes are expected to be made in the league
- The EFL is seeking as much as £250m bailout funds to deal with COVID-19 consequences
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Premier League is going through one of the toughest times in the history of the competition owing to the outbreak of the coronavirus pandemic.
Many clubs have had to layoff some of their staff while others force their players to take pay cuts in a bid to not go bankrupt.
This has now led to major reforms that are most likely to impact the league negatively and Liverpool are one of the big-time supporters for the restructuring as reported by Goal.com.
One of the major effects of the proposal will see the number of teams reduced to 18 while just two relegate automatically at the end of the season.
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The damaging effect of COVID-19 has seen the English Football League seek a £250 million ($326m) bailout fund to cover the losses suffered because of the pandemic.
Reports reveal that the plan, originally put forward by EFL chairman and former chief executive of the Premier League and Liverpool Rick Parry and strongly supported by the Reds as well as others, would see the top-flight pay that sum by taking out a loan.
The Football Association would also receive a one-off £100m ($130m) payment to help deal with the COVID-19 crisis as well as support the women's game. This also includes the non-league and grassroots levels.
The longest-serving Premier League big shots - Liverpool, Manchester United, Arsenal, Chelsea, Manchester City and Tottenham - would be given the unwavering privilege to make major changes.
And part of their powers would be to change rules guiding the game, contracts, club ownership and the removal of the chief executive.
Everton, West Ham United and Southampton would also enjoy the special status. A statement released on Sunday, October 11 read:
"Both the Premier League and The FA support a wide-ranging discussion on the future of the game, including its competition structures, calendar and overall financing particularly in light of the effects of Covid-19.
"Football has many stakeholders, therefore this work should be carried out through the proper channels enabling all clubs and stakeholders the opportunity to contribute.
"In the Premier League's view, a number of the individual proposals in the plan published today could have a damaging impact on the whole game and we are disappointed to see that Rick Parry, chair of the EFL, has given his on-the-record support.
"The Premier League has been working in good faith with its clubs and the EFL to seek a resolution to the requirement for Covid-19 rescue funding. This work will continue."
The deal will see the EPL kickoff later in August while teams have more time for preseason friendlies.
They will, in turn, have the chance to participate in a summer tournament every five years. Furthermore, the EFL Cup and Community Shield will be abolished.
Legit.ng earlier reported that Manchester United and Manchester City are interested in hiring former Tottenham Hotspur manager Mauricio Pochettino.
The Argentine has been out of a job since he parted ways with the North London club - months after leading them to their first-ever Champions League final.
They lost 2-0 to the eventual winners Liverpool but he achieved that feat not doing much business in the transfer window the previous summer.
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