Blues to Receive ÂŁ2.7m From Premier League Bailout - Report - Ipswich Town News
Town, Sunderland and Portsmouth will reportedly receive ÂŁ2.7 million each from League One's share of the Premier League rescue package announced earlier this month, payments which they won't be required to pay back.
According to The Sun, the ÂŁ11.8 million in total will be split among League One sides according to lost revenue and, following a vote by the clubs, won't have to be repaid.
They report that the Blues, Black Cats and Pompey, the division’s biggest three sides, will each be handed £2.7 million from that overall sum with clubs receiving a minimum of £375,000.
Lost revenue was calculated from four main categories relating to 2019/20 and this campaign - season tickets refunds, season tickets still due, gate receipts and hospitality refunds.
In September, Town owner Marcus Evans estimated that the pandemic could cost the Blues as much as ÂŁ10 million in lost revenue.
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