No agreement between Premier League clubs over overseas TV money

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Scudamore's proposed compromise is to allocate 35 per cent of the overseas pot according to final league position, which is a similar formula to how the domestic rights are shared out.

Due to the difference in opinion between two distinct camps, it was decided that they should discuss the matter further and try to find some common ground at their next scheduled meeting in November.

English Premier League club chiefs are gathering in London today for what is being touted in some quarters as one of the most important meetings since the league's creation in 1992.

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Leicester City won the Premier League title in 2015/16.

Top-flight clubs now take an equal share of TV money, but the "big six" clubs of Manchester City, Manchester United, Chelsea, Tottenham, Liverpool and Arsenal are keen to take a higher share due to their draw. For the big six it is the threat of a possible breakaway, leaving the Premier League to form a European Super League (a threat that also dates back at least 25 years).

Premier League clubs have failed to agree upon an initial proposal to redistribute overseas television money.

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The league has more than 80 deals with overseas broadcasters which bring in more than £1bn a season.

Now each club gets equal distribution from the revenue. The rest, particularly those clubs relatively new to the division, point to the competitive nature of the league as being its real selling point. But growth is expected to be lower than the 70% achieved for the last contract, while foreign rights continue to rise sharply.

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