Charlton co-owner Charlie Methven has accused Crystal Palace and West Ham of holding the game back following the Premier League shareholders’ meeting.

The Premier League announced on Monday that controversial Profit and Sustainability rules were going to be replaced, following high-profile breaches.

However, no offer of increased funding was forthcoming to the EFL despite being mooted.

Top-flight sources had expressed hope prior to the meeting, which could have been decisive after what was described as a 'staging' meeting on February 29.

However, the meeting ended without an offer being made, with the top flight's clubs feeling it is first essential they thrash out a new financial system which will ultimately replace the current profitability and sustainability rules (PSR).

A six-year deal granting the EFL 14.75 per cent of net media revenue with the Premier League - projected to be worth in the region of £900million - has previously been mooted, but Premier League clubs are now prioritising an agreement on their own financial model before speaking to the EFL.

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