Connect with us

Hi, what are you looking for?

Sporting ExcitementSporting Excitement

Premier League

Premier League offer new £200m coronavirus relief package to EFL but clubs split on accepting cash

, Premier League offer new £200m coronavirus relief package to EFL but clubs split on accepting cash

THE Premier League has made  a new £200million bailout offer to the Championship.

But the EFL’s top clubs remain SPLIT on whether to accept the money.

The Premier League have offered a new £200m coronavirus relief package to EFL but clubs are split on accepting cash

Premier League chiefs have tabled the outline of their new offer, which emerged after huge pressure from MPs.

It was enough for clubs in League One and Two to get the nod to sign up to their own £50m offer, which had been rejected last month because the Championship was not included.

Yet while the new offer was welcomed in principle, there was pushback from some Championship clubs who were concerned about the details.

Some were upset the money is in the form of loans, drawn from future ‘solidarity payments’,  rather than as a simple sum.

Advertisement. Scroll to continue reading.

And there was also a rift over how any money would be divided up.

Some clubs want an equal split of funds but others argue their greater lost income through having no gate receipts since March means they deserve more cash.

There was also disagreement over the terms of the offer.  It was unclear if any clubs could ask for help, or only those who need the cash to ensure their survival as a result of coronavirus — and what conditions will be imposed on those who take the money.

One club chief said: “There was no common ground, other than a recognition that money is now on the table.

, Premier League offer new £200m coronavirus relief package to EFL but clubs split on accepting cash

How the PL’s best transfer XI for this summer line up

“Some clubs believe they have run themselves properly and yet those who have not are the ones who will benefit, including when it comes to avoiding paying tax or transfer embargoes.

“It’s also a fact that if we take the money now, solidarity payments will go down for the next two or three years.

“The danger is that we accept the package on these terms, do nothing about the structural problems in the EFL and then end up back where we are now when the money runs out.”

A further meeting next week will be held to try to come to an agreement.

But the size of the planned bailout could anger some Premier League clubs who were reluctant to pay  mega-rich Championship owners.

Advertisement. Scroll to continue reading.

The change of approach from the top-flight allows the more pressing financial problems of the lower two divisions to near a conclusion, though.

Championship clubs signalled their willingness for League One and Two teams — who held separate divisional meetings — to take up the Premier League’s £50m offer.

, Premier League offer new £200m coronavirus relief package to EFL but clubs split on accepting cash

The 48 lower-division sides subsequently accepted the proposal, now expected to be formally confirmed by the Premier League early next week.

An EFL statement said: “A collective agreement in principle was made to move forward and finalise negotiations.

“Championship clubs made clear they wanted to ensure their colleagues in League One and League Two receive the proposed £50m support package as soon as practically possible.

“The EFL believes this represents a significant step forward and is hopeful a final agreement on the short term rescue package across all three  divisions can be reached imminently.”

Advertisement. Scroll to continue reading.

Did you miss our previous article…
https://www.sportingexcitement.com/football/premier-league/birmingham-boss-pleas-for-academy-talent-to-cover-crocked-wsl-aces-in-aston-villa-clash

Advertisement
Advertisement

Latest

Golf

PAIGE SPIRANAC celebrated being named Maxim’s “Sexiest Woman” by launching a string of sexy products. The golf stunner turned Instagram influencer received the honour...

Horse Racing

KING CHARLES saw his first royal runner get turned over at short odds as Educator flopped at Salisbury. The William Haggas-trained three-year-old colt looked...

Boxing

EDDIE HEARN claimed Tyson Fury has offered Derek Chisora a trilogy fight – despite ongoing talks with Anthony Joshua. Fury has grown increasingly frustrated...

Horse Racing

AMAZON Prime Horsepower star Andrew Balding has had a horse disqualified two years after winning a race. The case has only just concluded into...

Premier League

PAUL POGBA has hailed Juventus fans as better than Manchester United’s and revealed he stayed in contact with Massimiliano Allegri while he was at...

Boxing

JOE JOYCE has professed his love for extreme sports – while also revealing he has a nimble side. The Brit heavyweight used to enjoy...

Advertisement
Advertisement

Facebook