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EFL: £50m Premier League Rescue Package Some Way Short
Thursday, 15th Oct 2020 19:37

The EFL has released a statement following meetings of its 72 clubs today in which it says the £50 million rescue package offered by the Premier League to sides in Leagues One and Two is “some way short” of what is required.

Yesterday, the 20 Premier League clubs met in the wake of the emergence of the Project Big Picture proposals, which they decided would not be pursued, and agreed the package of £50 million to League One and Two sides but nothing to the Championship.

The EFL statement reads: “EFL clubs have today met by division to discuss the conditional offer put forward yesterday by the Premier League in respect to the financial support required as a result of the Covid-19 pandemic.

“The need for continued unity across the membership base was fundamental to discussions across all three divisions, and therefore there was a strong consensus that any rescue package must meet the requirements of all 72 clubs before it can be considered in full.

“The League has been very clear in its discussions of the financial requirements needed to address lost gate receipts in 2019/20 and 2020/21, and while EFL clubs are appreciative that a formal proposal has now been put forward, the conditional offer of £50 million falls some way short of this.

“The EFL is keen to continue discussions with the Premier League to reach an agreeable solution that will address the short-term financial needs of all of our clubs and allow us the ability to consider the longer-term economic issues in parallel that specifically look to achieve a more sustainable EFL for the future. There will be no further comment at this time.”

Last month EFL chairman Rick Parry, whose position as EFL chairman is in some jeopardy due to his involvement in Project Big Picture, said the clubs in the Championship, League One and League Two would require an injection of up to £250 million to get through the financial crisis created by the pandemic.

The £50 million package is 20 per cent of that total calculated on the basis that League One and Two clubs receive 13 per cent and seven per cent of the annual Premier League solidarity payments respectively.

Photo: Contributed

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IPSWICHMOUSE added 20:04 - Oct 15
SKY & BT.....How much do you rake in a year from football ??? Can they not dip into their ever deepening pockets perhaps......Oh! Sorry what an absurd thought....W.NKERS....

runningout added 21:02 - Oct 15
Should have accepted the rumoured offer from the States and opened up a reel can of worms

Saxonblue74 added 22:43 - Oct 15
Runningout, unfortunately you can't accept a rumour!

pablopablopablo added 05:31 - Oct 16
Oh, OK so when there's some cash to be had we have to include the Championship but when it comes to finishing a season we are completely separate.

norfolkbluey added 08:11 - Oct 16
The premier league should hang their heads in shame for such a patronising amount of money being offered. Crumbs are not enough! The EFL have supplied them for years with promising young players or the EFL with a place to see if their own academy players blossom. Sky are also culpable and make massive amounts of money from their revenues. It really is time they both looked at it with just a little bit of altruism and ensure no clubs go through the worry of survival.

PortmanTerrorist added 08:37 - Oct 16
I guess this shows the EFL Clubs have at least realised this is a watershed moment and that they need to hold both themselves and the Premier League to greater account. £50.....what an insult!

muccletonjoe added 09:55 - Oct 16
They will spend 250 million on a couple of over rated players from the continent, but will not support their own countries clubs from the lower leagues. Says everything you need to know about the premier league.

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