REPORT: Premier League Offers Financial Help to Clubs in EFL and National League

0
380
Premier League financial help
MANCHESTER, ENGLAND - APRIL 03: The official Nike Premier League match ball with a protective mask. The Coronavirus (COVID-19) pandemic has spread to many countries across the world, claiming over 40,000 lives and infecting hundreds of thousands more. on April 3, 2020 in Manchester, England (Photo by Visionhaus)

At a meeting on Friday 3 April, the Premier League have confirmed that they will offer financial help to clubs in both the EFL and National League.

Premier League Offers Financial Help to Clubs in EFL and National League

Several Items Discussed

The offer of financial help from Premier League clubs to those below was one of several items discussed at the meeting of officials.

Clubs in England have taken drastic measures to try and protect their futures. Many of taken their decision to furlough staff – including players – which means that the government will pay 80% of their wages.

As a result, the Premier League are offering a financial package of £125 million to those clubs.

A statement read: “Discussions also took place regarding financial relief for clubs in the short term and while there is no single solution, measures are to be put in place to immediately deal with the impact of falling cash flow.

“Critically, the League unanimously voted to advance funds of £125 million to the EFL and National League as it is aware of the severe difficulties clubs throughout the football pyramid are suffering at this time.”

Return Pushed Back

As anticipated, the return of football has been delayed further.

It had been announced the Premier League was set to return on April 30. However, that date was always likely to be moved.

Now, however, the league officials have confirmed that the competition will only return when it is safe to resume.

“The restart date is under constant review with all stakeholders, as the impact of the COVID-19 pandemic develops and we work together through this very challenging time,” it said.

“The Premier League is working closely with the whole of professional football in this country, as well as with the Government, public agencies and other relevant stakeholders to ensure the game achieves a collaborative solution.

“With this, there is a combined objective for all remaining domestic league and cup matches to be played, enabling us to maintain the integrity of each competition.

“However, any return to play will only be with the full support of Government and when medical guidance allows.

Players to Take Pay Cut

A league-wide pay cut on players wages has also been announced.

Clubs will consult with players over taking a cut of 30% to protect the financial future of their retrospective employers.

Main Photo
Embed from Getty Images

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.