EFL rejects £ 50m Premier League rescue package for League One and League Two teams



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The English Football League (EFL) has rejected the £ 50 million rescue package proposed by the Premier League for the clubs in League One and League Two.

The Premier League offered interest-free grants and loans as part of the proposal on Wednesday, but no funds were made available to clubs at the Championship.

The EFL said it wanted a deal covering all of its teams after a meeting of its member clubs on Thursday.

A Championship executive director told Sky Sports News that the bailout offer was “simply an attempt to create a division between the Championship clubs and those in Leagues One and Two.”

It is believed that at Thursday’s Championship meeting, the clubs fell short of completely rejecting the Premier League offer, but made it clear that all EFL clubs would have to be its beneficiaries.

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

“The League has been very clear in its discussions about the financial requirements needed to address lost door receipts in 2019/20 and 2020/21, and while EFL clubs are grateful that a formal proposal has now been submitted, the £ 50 million conditional offer falls somewhat below this. “

The Premier League offer was aimed at helping clubs struggling with a lack of match day income caused by restrictions due to Covid-19.

The EFL said it wanted to continue discussions with the Premier League in search of a “pleasant solution” and longer-term solutions.

EFL President Rick Parry had been the public face of the Liverpool and Manchester United-backed “Project Big Picture,” which was rejected by Premier League clubs on Wednesday.

Parry’s plan called for a £ 250 million “rescue package” for the EFL, but it was linked to a series of reforms that would have increased the power and revenue share of the best clubs in the Premier League.

That proposal was opposed by the Football Association and the UK government, as well as fan groups and later by the Premier League clubs themselves.

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