Premier League 'advanced funds of £125m' to EFL clubs

The Premier League have agreed to provide further financial support for clubs in the EFL and National League via a £125million package.
Premier LeaguePremier League
Premier League

At a meeting on Friday, shareholders discussed how the season can resume, financial help to clubs and to NHS in fighting coronavirus and aid to EFL and National League clubs.

A statement read: "First and foremost, it was reaffirmed that the overriding priority is to aid the health and wellbeing of the nation and our communities, including players, coaches, managers, club staff and supporters.

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"It was acknowledged that the Premier League will not resume at the beginning of May – and that the 2019/20 season will only return when it is safe and appropriate to do so.

"The restart date is under constant review with all stakeholders, as the impact of the COVID-19 pandemic develops and we work together through this very challenging time."

It has been well-documented that the postponement to all fixtures in England, caused by the coronavirus, has financially crippled teams in the lower leagues.

On supporting clubs below the Premier League, the statement continued: "Discussions also took place regarding financial relief for clubs in the short term and while there is no single solution, measures are to be put in place to immediately deal with the impact of falling cash flow.

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"Critically, the League unanimously voted to advance funds of £125 million to the EFL and National League as it is aware of the severe difficulties clubs throughout the football pyramid are suffering at this time.

"Further to that assistance, the League remains committed to supporting the National Health Service, its staff and helping people in communities, not least those who are most vulnerable.

"The League, clubs, players and managers express huge appreciation for the heroic efforts of NHS staff and all other key workers who are carrying out critical jobs in such difficult circumstances.

"In consultation with the Department for Digital, Culture, Media and Sport, the Premier League is immediately committing £20 million to support the NHS, communities, families and vulnerable groups during the COVID-19 pandemic."

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