Premier League clubs have agreed to change the way money from their lucrative television deal is distributed in a bid to stop the growing financial divide between richer and poorer sides becoming even wider.

The clubs have agreed to modify the way the 25 per cent of their broadcasting income allocated to clubs shown on live TV is shared out. They have acted in response to fears that the big clubs, certain to be involved in even more live transmissions from next season, would make unhealthily large sums compared to their less well-off rivals.