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Premier League clubs prepare for one of the most important meetings since its inception as Big Six push for a greater share of £1bn TV bounty

Premier League club bosses are gathering in London on Wednesday for what some sources are describing as the most important meeting in the top flight's history since its creation in 1992.

The summit has been called to vote on Premier League executive chairman Richard Scudamore's plan to change the way clubs share the proceeds from international broadcasting rights.

Under pressure from the so-called 'big six', Scudamore wants 35 per cent of that income to be distributed as 'merit' payments based on league position.

Premier League chief Richard Scudamore faces a u00a31bn split among clubs over TV money
Premier League chief Richard Scudamore faces a £1bn split among clubs over TV money

This revenue is currently shared equally and last season every club earned just over £39million from the league's more than 80 foreign deals.