x

EFL Hopeful Final Agreement on Rescue Package Imminent - Ipswich Town News

The EFL says there was “a significant step forward” towards agreeing a short-term rescue package for clubs in all three of its divisions at meetings today.

A statement reads: "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.

"The EFL membership have been united throughout the negotiation process that any support package must address the financial issues being experienced at all 72 clubs before it could be considered in full and moved forward.

"The EFL does note the previously stated Premier League position that it would engage with any EFL club, including those in the Championship, that is suffering severe financial losses due to the pandemic.

"Following a comprehensive debate in all three divisions, a collective agreement in principle was made to move forward and finalise the negotiations, with Championship clubs making it clear today that they wanted to ensure their colleagues in League One and League Two received the proposed £50 million financial support package to cover gate losses for 2019/20 and 2020/21 as soon as is practically possible.

"Championship clubs also acknowledged that discussions in respect of the levels of support they will receive will remain ongoing.

"The EFL believes that today represents a significant step forward and is hopeful that a final agreement on the short-term rescue package across all three divisions can be reached imminently which will provide much needed support, clarity and certainty for all EFL clubs at a time when they need it most.

"In addition to finalising the short-term financial issues, clubs were today informed that the EFL will contribute fully in the Premier League’s strategic review to consider the future structure and financing of English football, and will hopefully have a direct and positive impact on a more sustainable EFL in the future. There will be no further comment at this time.”

What to read next:

Morsy: The Best Spell of My Career and Life
Departing Town captain Sam Morsy has issued a message to fans, teammates, manager Kieran McKenna and his staff following confirmation of his move to Kuwait SC, while the squad and ex-players have paid their own tributes to the Egyptian international.
Town Confirm Morsy Exit For Kuwait SC
Town skipper Sam Morsy’s move to Kuwait SC has been confirmed.
Town Announce Matchday Ticket Prices
Town have confirmed their matchday ticket prices for the Championship season ahead.
Luongo Close to Joining Millwall
Former Blues midfielder Massimo Luongo is closing in on joining Millwall following his trial with the Lions.
Eze Nets Twice as U19s Draw Opener at Czech Tournament
Striker Nelson Eze scored twice as an U19 Town side drew 2-2 with hosts Banik Ostrava in their opening match at the Zlaty Kahan tournament in Czechia yesterday.
Young: Working With McKenna Again Was a Massive Pull
New Blues signing Ashley Young says manager Kieran McKenna played a big part in his decision to join Town having left Everton at the end of last season.
Town Confirm Young Signing
Town have confirmed the signing of veteran former England international Ashley Young on a one-year deal.
[Podcast] Blue Monday - New Podcast Now Online
A new podcast from the Blue Monday team is now available.
Released Forward Roberts Joins Stevenage
Released Blues U21s forward Matty Roberts has joined League One Stevenage following a trial.
Young Close to Completing Town Move
Veteran former England international Ashley Young is close to completing a move to the Blues on a one-year deal.