EFL clubs reject £ 50m Premier League bailout | Football news



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The Championship, League One and League Two clubs have rejected the £ 50 million bailout from the Premier League and have told the EFL board that they will reject any aid that excludes any of their members.

The Premier League has offered interest-free grants and loans totaling around £ 50 million to clubs in League One and League Two, but has not made funds available to clubs in the Championship.

The CEO of a championship club said Sky Sports News that the ransom offer is “simply an attempt to create a division between the championship clubs and those in leagues one and two.”

He said there was a “collective spirit” among the clubs not to be separated by an agreement designed to “divide and rule.”

An EFL statement released Thursday evening read: “EFL clubs have met today by division to discuss the conditional offer presented yesterday by the Premier League regarding the financial support required as a result of the COVID pandemic. 19.

“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 all 72 clubs before can be considered in its entirety.

“The League has been very clear in its discussions about the financial requirements necessary to address the lost entry receipts in 2019/20 and 2020/21, and while EFL clubs are grateful that a formal proposal has now been submitted, the £ 50m conditional offer falls well short of this.

“The EFL wishes to continue discussions with the Premier League to come up with an agreeable solution that addresses the short-term financial needs of all of our clubs and allows us the ability to consider longer-term financial issues in parallel that specifically seek to achieve a More sustainable EFL for the future. “

Following Thursday’s meeting of the League Two clubs, a club official said Sky Sports News that the ransom offered was unacceptable in its current form and “now is the time to stand together.”

“We just can’t accept anything that excludes any of the 72,” he said.

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Premier League chief executive Richard Masters admits there has been frustration over the public endorsement of Project Big Picture, but insists there are “no problems” with the EFL.

Masters described Wednesday’s meeting as “candid, constructive and positive in the end” and denied any suggestion that the proposals may have damaged the league’s reputation.

Richard Masters, Premier League Executive Director
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Premier League chief executive Richard Masters has insisted he “has no problems” with the EFL.

“Clearly there is some frustration because a proposal that had not had any input from the Premier League, from our clubs, has been pushed so hard in public,” he said.

“But we don’t have a problem with the EFL, certainly not with their clubs. We want to have a good relationship with them. We are their biggest partner.

“We have a historical relationship with them. That is why we want it to be constructive.”



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