Chairman of Tranmere expects "double figure" EFL insolvencies
15 April 2020
The EFL and PFA have proposed clubs in League One and League Two defer up to 25 per cent of salaries for April, but Tranmere chairman Mark Palios says clubs still won't be able to pay on time.
The EFL has put in place a £50 million relief fund to help alleviate the impact of the coronavirus restrictions on its clubs.
Tranmere chairman Mark Palios expects "double figure" insolvencies in the EFL as a result of the coronavirus pandemic, which is putting an increasing amount of pressure on clubs to cut costs in order to save their businesses.
Lower-league clubs are being hit especially hard in terms of cash flow due to currently going without matchday income, on which they are heavily reliant.
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