Premier League, English Football League Agree 250 Million Pound Virus Rescue Deal | Football News
The move comes as the Premier League looks to help lower-league clubs amid the Covid crisis.© AFP
The Premier League and the English Football League on Thursday agreed a 250-million pound rescue package to ease the financial pressure on lower-league clubs during the coronavirus pandemic. The EFL said clubs in League One and League Two — the third and fourth tiers — would receive grants worth 50 million pounds ($67 million). The Premier League will provide a further financial commitment to help the EFL secure a 200-million pound loan facility for clubs in the second-tier Championship.
It follows months of negotiations between the two governing bodies.
“Our over-arching aim throughout this process has been to ensure that all EFL clubs survive the financial impact of the pandemic,” said EFL chairman Rick Parry.
“I am pleased that we have now reached a resolution on behalf of our clubs and as we have maintained throughout this will provide much-needed support and clarity following months of uncertainty.”
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