The Football Association must distribute money from the potential sale of Wembley to clubs in the Football League, according to EFL chief executive Shaun Harvey.
Fulham and Jacksonville Jaguars owner Shahid Khan has offered £800m to buy the stadium from the FA , who will be allowed to remain at their headquarters rent free as part of the proposed deal.
Harvey believes the proceeds from the sale must be invested back into English football, and insists EFL clubs are entitled to a percentage of the fee paid by Khan.
“Under the current distribution mechanism the professional game is entitled to 50 percent of the proceeds after central costs have been met,” Harvey.
“Any move away from this principle will only be achieved if we can be satisfied that the money will be properly utilised for the benefit of the game as a whole in England, including at our clubs.”
Harvey says clubs in the EFL could use the money to fund their youth academies and boost community programmes.
“The 72 clubs of the EFL along with those in the Premier League already do a tremendous amount of work through their community schemes at a grassroots level,” he said.
“The creation of a fund to develop facilities for the expansion of this work along with training of young players within each club’s academy would be an ideal use of any funds, as would seeing the money used to improve stadium facilities for fans.”