Premier League awaits EFL coronavirus ‘rescue’ proposals of £ 250m



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EFL requests £ 250m ‘ransom’ from Premier League

The Premier League is still awaiting detailed proposals from the Football League in relation to a requested ‘ransom’ of £ 250 million.

Earlier this month, the BBC was told that the Premier League expected the EFL to give it details on the financial assistance it could offer to clubs to overcome the coronavirus pandemic by the end of September.

This has become even more urgent given the government’s decision to end mass pilots and block the return of fans to stadiums from the beginning of next month.

While the Premier League will continue to advance solidarity payments earlier than normal, BBC Sport understands that while accepting the need for speed and being flexible in its approach, league sources say they are not entirely clear what the league is asking for. EFL beyond the sum of the title. .

There are those who, for example, wonder if Birmingham needs additional funds to cover its costs, given that they sold midfielder Jude Bellingham to Borussia Dortmund for £ 30 million in July.

Furthermore, some EFL clubs have been observed to have been more proactive than others in cutting costs by reducing salaries and squad sizes, and the Premier League does not want it to be seen to punish those who have taken action themselves. themselves.

It is for this reason that BBC Sport has been told that the Premier League needs a detailed analysis of what money is needed, for whom and precisely why. Without this, the organization is reluctant to hand out a check at a time when its clubs are feeling great financial pressure, as they are the biggest losers in terms of fans absent from the stadiums.

Respected soccer finance blogger Swiss Ramble posted on Thursday that Premier League clubs’ combined losses due to lack of revenue on match day would be at least £ 830 million if fans were not allowed to enter. stadiums for the remainder of the 2020-21 season.

That figure is considered minimal as it does not take into account the sums paid by fans buying merchandise on a match day because it is calculated on a different revenue stream.

Manchester United will lose the most, an estimated £ 141 million, and details about the impact on their finances will be revealed in their year-end financial report, which was delayed until October.

EFL sources say detailed conversations have taken place over a period of weeks, but that it was impossible to go through the precise requirements of each club without knowing exactly what type of financing would be available.

Furthermore, they suggest that the sale of a player like Bellingham, or the £ 4 million Exeter that he will receive as part of the deal that saw former striker Ollie Watkins join Aston Villa from Brentford earlier this month, are long-term financing. instead of the day. -Today in operation of a club, which are obviously the door receipts.

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