All 20 Premier League clubs rejected proposals put to them by Liverpool and Manchester United during an emergency meeting on Wednesday to radically re-alter the English game.
Project Big Picture may be dead, but the clubs instead agreed to a widespread strategy review and also gave the green light to a new bailout offer to the EFL after their opening attempt was rejected.
Liverpool and Manchester United, as well as EFL chairman Rick Parry, wanted a radical restructure of English football that would have led to increased funding for the EFL, a reduction of top-flight clubs from 20 to 18 and scrapping the Carabao Cup among other things.