EFL releases £50 million to ease financial burden on clubs
18 March 2020
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.
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.
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