Town's Bailout Share ÂŁ1.8m - Ipswich Town News
Town’s share of the Premier League's EFL rescue package announced earlier this month will be £1.8 million.
A report earlier today claimed the Blues, Portsmouth and Sunderland are all set to receive £2.7 million from the overall total of the £11.8 million being handed out to League One clubs, however, that is the Black Cats’ figure with Town due £1.8 million, the third-highest in the division
The cash is being divided among sides according to lost gate revenue - ÂŁ6 million in Town's case - with clubs receiving a minimum of ÂŁ375,000 and, following a vote, won't have to be repaid.
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 in total the pandemic could cost the Blues as much as ÂŁ10 million in lost revenue.
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