Some clubs want money paid to the sides not receiving those 'parachute payments' to increase further but the clubs failed to reach an agreement on the payments and will reconvene next month to discuss the matter further.
The Premier League sold the broadcast rights from 2013-16 to Sky and BT in June for £3.018bn, an increase from £1.25bn, with overseas rights expected to take it beyond the £5bn mark.
Between them, parachute payments - money given to sides relegated from the top flight - and 'solidarity payments' - cash given to clubs not in receipt of parachute money - account for 15% of that TV deal.
Press Association Sport reports that clubs in the Championship not receiving parachute payments will get £2.3m each - more money than they receive from their own TV deal.
League One clubs will receive £360,000 and League Two clubs £240,000, respectively a 6.6% and 5.4% rise.
Parachute payments were introduced to help relegated clubs absorb the huge losses in revenue that accompany dropping out of English football's lucrative top division.
Despite the discrepancy between parachute payments and solidarity payments, the Premier League insists it does not hinder clubs from getting promoted to the Premier League.
A Premier League spokesman said: "There is no evidence to suggest they prevent non-parachute payment-receiving clubs getting promoted from the Championship - the contrary in fact.
"Over the past 15 seasons, two-thirds of clubs promoted to the Premier League did so without parachute payments."
The opposite to that is the fact that teams getting relegated, struggle to get back in the Premier League, despite the additional cash. Of last season's relegated trio, Blackburn and Wolves are in danger of back-to-back relegation and only Bolton, who are 7th have a chance of making it back via the play-offs.
West Brom have been the archetypal yo-yo club throughout the first decade of the 21st-century, during which time they have been promoted four times and relegated three times. This is seen by many to be a direct result of the policies espoused by the club's chairman Jeremy Peace, who has refused to allow the club to spend beyond its means and has insisted on sound financial management.