Blues to Receive £2.7m From Premier League Bailout - Report - Ipswich Town News
Town, Sunderland and Portsmouth will reportedly receive £2.7 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 £11.8 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 £10 million in lost revenue.
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