Sport Premier League and EFL agree to $453million AUD rescue package
Prem pledge to INCREASE fan attendance to 'substantial levels'
The Premier League warned that despite some fans allowed back in, clubs desperately need substantial numbers. They are working closely with the government to achieve just that.Clubs are taking a massive financial hit playing behind closed doors and the top flight bosses have outlined their commitment to achieving 'substantial' increases in attendances.
The Premier League warned that despite some fans allowed back in, clubs desperately need substantial numbers. They are working closely with the government to achieve just that.Clubs are taking a massive financial hit playing behind closed doors and the top flight bosses have outlined their commitment to achieving 'substantial' increases in attendances. EFL Clubs have today met by division and separately engaged in overwhelmingly positive discussions in respect of the proposed short-term rescue package currently being discussed between the EFL and Premier League . General. EFL statement: Rescue package . 2 Hours ago.
The Premier League ’s proposed £50 million rescue package for League One and League Two has been rejected by the EFL clubs. Following a shareholders’ meeting on Wednesday, the Premier League agreed to offer a loans and grants package to clubs in the bottom two divisions of the EFL
The Premier League and English Football League (EFL) have agreed a $453million AUD rescue package to help clubs overcome the financial challenges of the COVID-19 pandemic.
Championship clubs will have access to a $362m pool of interest-free loan funds, while a $90m grant will be made available for those in League One and Two.
Loans to second-tier clubs will be capped at $15m and would have to be repaid by June 2024.
EFL chairman Rick Parry welcomed the resolution after lengthy discussions.
"Our over-arching aim throughout this process has been to ensure that all EFL clubs survive the financial impact of the pandemic," he said.
Premier League clubs face pressure from doctors to lobby for five subs
Premier League sides were able to make five substitutions during Project Restart. FIFA allowed them to do the same this season, but most top-flight teams voted to revert to three changes.The issue of player welfare has come back to the fore following a spate of injuries, which has increased calls for a return to allowing five substitutions. The Premier League ’s proposed £50 million rescue package for League One and League Two has been rejected by the EFL clubs. Following a shareholders’ meeting on Wednesday, the Premier League agreed to offer a loans and grants package to clubs in the bottom two divisions of the EFL
The Premier League ’s proposed £50 million rescue package for League One and League Two has been rejected by the EFL clubs. Following a shareholders’ meeting on Wednesday, the Premier League agreed to offer a loans and grants package to clubs in the bottom two divisions of the EFL
"I am pleased that we have now reached a resolution on behalf of our clubs and as we have maintained throughout this will provide much-needed support and clarity following months of uncertainty."
Fans returned to some Football League grounds this week after England's national lockdown was replaced by a tier system.
However, with attendances limited by social-distancing measures, clubs are unlikely to profit from staging matches under such circumstances.
It is hoped that the deal agreed on Thursday will prevent the worst-case scenario of clubs going out of business.
Has Liverpool boss Jurgen Klopp given up on five-subs crusade? .
Jurgen Klopp has made his views clear on the need for the Premier League to change the rules and allow five subs, but Liverpool chose not to raise the matter when the top-tier clubs met today. As revealed by Sportsmail today, the issue was not included on the Premier League shareholders' meeting agenda, but any club could have brought it up and secured a vote. A rule change would require at least 14 clubs voting in favour for it to be carried.
See also:
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