Premier League agree £250 million package to help EFL clubs
3 December 2020
Premier League shareholders agree to pay £50 million in grant money to League One and Two clubs to ensure pandemic survival.
£15 million provided to Championship clubs to secure and cover interest on £200 million loan facility.
Uncertainty among lower league owners over how much they will receive.
Chairman: “After what happened with the National League I won't assume anything until we are given the final number.”
The Football League has accepted a rescue package underwritten by the Premier League that will give all League One and Two clubs immediate access to £30 million grant funding to help them survive the financial impact of the Covid pandemic.
A further £20 million in ‘monitored grant’ support will also be made available but subject to certain restrictions in relation to transfer spend and player wages.
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