EFL releases £50 million to ease financial burden on clubs

18 March 2020

EFL
Photo: PA Images A general view of the EFL HQ in Preston.

The EFL has announced a £50 million short-term relief package to assist cash-strapped clubs during the coronavirus crisis.

Fund consists of the remaining basic award payments being advanced to clubs immediately, with the remainder made up through interest-free loan facility available to clubs.

Mads Meisner Christensen mm@offthepitch.com

England’s Football League said Wednesday it has put in place a £50 million fund to help with the impact of the coronavirus on clubs.

"Measures are to be put in place to immediately assist with cash flow via a £50 million short-term relief package," EFL said in a statement after the EFL board met to discuss the implications of the COVID-19 outbreak.

Do you want to read this article?

Get instant access by signing up for a 7-day free trial

No credit card, no commitments and it will expire automatically.

You will receive a link that activates your trial in an email.