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Football League nets £372m funding boost
The Premier League has announced a £372m financial package to be shared by Football League member clubs over the next three years, after a number of rule changes were agreed.
At an extraordinary general meeting held in Derby, Football League members approved changes to regulations governing club finances, ownership and the criteria for grounds, as well as third party interests in players. As a result, clubs in the npower Championship are set to secure an additional £2.2m per season in extra revenue, with League One and League Two clubs securing £335,000 and £225,000 per year respectively.
Premier League chief executive Richard Scudamore said: "The extra revenue coming in every season for the next three will make an enormous difference to the individual incomes of those clubs, but more importantly will make planning for the future that much easier. "Having common rules in areas such as player contracts, third party ownership of players, and public disclosure of club ownership is something we have worked towards for a number of years and we are pleased that the Football League have voted them in."
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