The EFL could implement a wage cap sooner than expected as the proposal continues to receive a growing number of support from clubs.
While any format has not been formalised, the Independent report that the idea is being discussed at a “very high level”.
“I think salary caps and cost control are absolutely essential," EFL chairman Rick Parry told the Department for Digital, Culture, Media and Sport at the start of May.
"There’s a lot of debate going on about that at the moment. We have the imbalance of distribution, the parachute payments [from the Premier League] that cause great stress within the Championship, so I do think the distribution model is a problem and any model where wages are 106% of turnover is ridiculous.”
Given the sudden halt to football and the lower-league clubs financially impacted by the loss of matchday revenue, EFL executives feel the COVID-19 pandemic could offer a route to regaining control of the leagues' finances.
While the prospect of some kind of wage cap has been repeatedly floated in the past, the report states it has been discussed in a much more concrete manner in the last few weeks, with a growing number of clubs willing to back moves to implement it.
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Proposals were sent to the EFL on Monday but a majority vote would need to back the proposal before any legal complications could be addressed.
There is a feeling that Championship clubs, as well as those better run and in less financial trouble in the bottom two divisions, would oppose it.
Many who back it also believe it would struggle to hold up in court, since it’s anti-competitive, and the Professional Footballers’ Association would naturally fight it.