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PFA and League chiefs declare peace

Both the English Professional Footballers' Association and Premier League and Football League chiefs have confirmed both sides have reached a settlement to avert a strike threat in a £52.5m three-year deal.

After a day of frantic negotiations and legal settlements, both sides agreed a deal in the on-going dispute over the PFA's slice of TV revenues.
At a press conference in Manchester this evening, PFA chief Gordon Taylor said there was 'a long term agreement and a lot of money' involved - but refused to discuss the terms until he had revealed it to his members on Monday.
However Richard Scudamore, Premier League chief, revealed the deal was £52.5m over three years and 'included provisions to ensure no repeat' of the strike threat. Taylor added the PFA would have full discretion over use of the money.