Many in the EFL seem to think that Project Big Picture is £250m bailout followed by 25% of the PL TV rights.

If you look at the small print the £250m is an advance of money, which will then be subtracted from the 25%.

The figures shown in the PBP documents assume that both domestic & international rights will by 10%, but the last set of domestic rights went by 8%. Internationally the Chinese deal has gone from £175m to £25m a year for 2020/21 too.

Under PBP clubs will have the right to sell their own international rights for 8 matches a season. This money is excluded from the 25% payout. The Premier League will then be selling a much smaller package much smaller price so EFL clubs get 25% of much smaller pie.

That being said the PL has dragged its heels to date, perhaps because some PL clubs, knowing that PBP is going to make them rich, showed little interest in helping the EFL (lets face it, they all did bog all to help Macclesfield Town) as wanted to get EFL clubs on board with PBP

The figure of £250m to rescue the EFL is IMO misleading. Those in L1 & L2 are in urgent need of cash, but Championship less so. Clubs such as Norwich, Brentford & Bournemouth have generated £100m in player sales, Derby, Wednesday, Reading & Birmingham £200m from stadium sales etc