Premier League clubs have “unanimously agreed” that ‘Project Big Picture’ will not be “endorsed or pursued”.
The controversial plans, proposed by Liverpool and Manchester United, were rejected at a meeting of the 20 clubs in England’s top flight on Wednesday.
Instead, all clubs agreed to work together on a new “strategic plan” for the “financing of English football”.
The clubs also decided on a £50m rescue package for League One and Two clubs at the meeting.
More to follow.