The Premier League has put a new offer to clubs in the English Football League in a bid to try and give them as much assistance as they can during the coronavirus pandemic.
The timely offer comes at a time when the country is about to go into lockdown once again with the Premier League making a new offer to bailout the English Football League, insisting that it will not allow any Championship club go bust because of the coronavirus pandemic.
The 72 clubs that make up the EFL, from the Championship, League One and League Two, had previously rejected a £50million offer from the Premier League in grants and loans to clubs in Leagues One and Two, according to a report by The Times.
The clubs in Leagues One and Two, though, rejected the offer, claiming it was divisive as it excluded clubs operating at Championship level.
Now, a new offer has been sent to the EFL from the Premier League offering the same sum of money to the lower two divisions – £20million immediately and £30million as an emergency fund – but specifically referencing financial help for any Championship club that is in troubled waters as a result of the Covid-19 crisis.
The offer, which is set to be discussed by the EFL’s board at a meeting later this week, says that the Premier League would look at all representations from Championship clubs on a case-by-case basis. The EFL has been in search of £250million to cover the losses caused by the pandemic.
The fresh approach has been set out with the aim to soothe fears among some Premier League clubs that they could end up propping up Championship outfits who have owners wealthier than themselves, or clubs who have spent huge amounts of money in an effort to try and reach the top-flight of English football.
The offer would only cover losses directly related to a result of the pandemic and it would have to be proved that the club’s owner is not in a position to make up the shortfall. It is reported that at least one club from League One will be forced to enter administration if they have not received any financial assistance before the next payday at the end of this month.
The Premier League has dropped the conditions that it attempted to impose when first offering a rescue package, including the EFL supporting its position against the Football Association for work permits for youngsters aged between 18 and 21 from overseas once post-Brexit rules come into play.
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Last week, the government ruled out a call from EFL chairman Rick Parry for football to be given access to a Treasury rescue package, insisting that the sport had to support itself, despite its current difficulties.
Parry said that the Premier League “may not be in a position to provide the level of support that is required.”
Parry went on to add: “EFL clubs, almost all of them are the social cornerstones of the towns and cities they bear the names of, stand on the brink of a financial precipice.”
The EFL had been hopeful that the Treasury would offer clubs an arrangement to stop their PAYE debts building. The government has admitted that more than £77million is owed to the 72 clubs that make up the EFL pyramid.