Proposals to end the equal distribution of overseas television money have been abandoned after Premier League clubs failed to reach an agreement, reports BBC Sport.

The six richest clubs – Manchester City, Manchester United, Tottenham, Arsenal, Liverpool and Chelsea – wanted their appeal reflected in their income.

A plan suggested 35% of revenue from the sale of global TV rights should be divided based on league position.

But a meeting set for Wednesday was called off as no decision was close.

The Premier League said on Tuesday: “It has become clear that there is currently no consensus for change, meaning tomorrow’s club meeting is not necessary.”

Source: http://www.tribalfootball.com/articles/premier-league-clubs-give-up-on-changing-distribution-of-overseas-television-money-4204947?utm_source%3Dmediafed%26utm_medium%3Drss-feed%26utm_campaign%3DFeed-Latest%2BArticles%2Bfor%2BChelsea