The Carabao Cup is reportedly set to change to one-legged semi-finals from next season to reduce fixture congestion.
It will be the first time in the competition's 52-year history that the penultimate round won't be played across two matches. Previously the EFL have been against the idea given the financial implications.
The midweek fixtures, in particular the semis played in January when no other games are scheduled, are said to contribute roughly a third of their TV deal with Sky Sports. But according to the Daily Mail, they're reached an agreement to avoid losing out.
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It's claimed the EFL have negotiated a clause in their new £935million, six-year contract, which starts next summer, enabling them to scrap the second legs without incurring a financial penalty.
All that's left is for the 20 Premier League clubs to sign off on the proposed funding package. The so-called New Deal for Football is also set to see lower division clubs receive 14.75% of the two organisation’s combined broadcast revenues.
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There's growing confidence that an agreement can be struck before the end of the current campaign, which will be music to the ears of Liverpool boss Jurgen Klopp.
The packed fixture list in England has been a constant source of his frustration since his arrival at Anfield eight years ago, going so far as to comparing it to climate change before last year's World Cup.
"When we start talking about it I really get angry," he admitted. "It is like with the climate. We all know we have to change but people are like 'what do we have to do?'. I'm in that as well, no doubt about that."
While it would mean one less game for his Reds side if they were to reach that stage, the expansion of the Champions League could land them with four extra group-stage matches should they qualify this season.
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