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EFL rejects Premier League's COVID-19 bailout offer of £50m

EFL rejects Premier League's COVID-19 bailout offer of £50m”

Although failing to get past the Premier League at its first meeting on the proposal, it nevertheless exposed a deep and growing rift in the English professional game and emphasised the increasingly precarious existence of clubs in the EFL's professional tier who have become financially threatened by the Covid pandemic.

The money is on top of 27.2 million pounds already advanced in solidarity payments, but the English Football League said the bailout was insufficient while insisting that clubs in the second-tier Championship should not be omitted from a deal.

England's lower league clubs have rejected the Premier League's offer of a GBP50 million rescue package aimed at easing the financial fallout from the coronavirus.

According to a statement released by EFL, it was necessary that the requirements in terms of rescue package must be equal for all the 72 clubs before it is approved.

"The League has been very clear in its discussions of the financial requirements needed to address lost gate receipts in 2019-20 and 2020-21, and while EFL Clubs are appreciative that a formal proposal has now been put forward, the conditional offer of £50 million falls some way short of this".

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It has been reported that there were discussions to find more agreeable solutions and more long term solutions from the EFL with the Premier League.

Hoffman goes on to accuse Parry of deliberately seeking to create division among the top 20 clubs, an incendiary claim that raises real questions over whether the Premier League and EFL can continue to work together.

The Premier League said its offer remains on the table and it was ready to engage with the EFL and would talk to any of its clubs in immediate risk due to the crisis.

The snub comes just 24 hours after Premier League clubs rejected the controversial "Project Big Picture" plans proposed by Liverpool and Manchester United to drastically change the structure of the English game.

That proposal was opposed by the Football Association and the United Kingdom government as well as supporters groups and then the Premier League clubs themselves.



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