Sport

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".

More news: Suspect in teacher's beheading in France was Chechen teen

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.



Like this

loading...
loading...

Latest


18 October 2020
Van Dijk faces eight month layoff
It was Mane's elbow that was said to have been just offside, despite looking like he had timed his run well on first viewing. He had a couple of hard weeks since he last played for us. "We have come up to the speed of the game and that showed today".

18 October 2020
Patriots add three players to COVID-19 reserve list
Of those three teams, only the Steelers won in their return to action. 9News first reported that Gordon would not play Sunday. The New England Patriots and Tennessee Titans have done it, and now one AFC South team is being forced to do it on Saturday.

18 October 2020
Trump's warning to the European Union about subsidies
The Office of the US Trade Representative made a decision to maintain a 25 per cent tariff on non-aircraft products. The World Trade Organization decision is part of a 16-year-old dispute over granting subsidies Boeing .

18 October 2020
Scientists Slam White House for Herd Immunity Claim
Herd immunity helps protect people who have compromised immune systems, stopping the spread of disease to the wider population. She's an alumna of Boston University and has reported for the Wall Street Journal, Science, and The Boston Globe.

18 October 2020
Oil prices slide amid coronavirus concerns
OPEC+ had 100% compliance with a pact to cut oil supply in September was seen at 102%, two OPEC+ sources told Reuters. Gulf of Mexico platforms after Hurricane Delta and Norwegian workers to offshore rigs after ending a strike.

18 October 2020
US retail sales blow past expectations
Sporting goods stores were up 5.7% month over month seasonally adjusted and up 18.3% unadjusted year over year. Unlike other economic data reports produced by the USA government, retail sales aren't adjusted for inflation.

18 October 2020
Maine Submits Plan For Distributing Eventual COVID-19 Vaccine
In addition to safety and efficacy, the FDA will also examine Pfizer's manufacturing operations for the vaccine. Haydock said the absolute earliest approval could be in mid-November and would most likely be Pfizer's vaccine.

18 October 2020
Trump Slams Republican Senator 'Little Ben' Sasse in Response to 'Narcissist' Jibe
Ben Sasse , R-Neb., on Saturday, calling him "stupid and obnoxious" after he lambasted the president for his coronavirus response and accused him of being friendly with dictators and white supremacists.

18 October 2020
Lana Del Rey Drops "Let Me Love You Like A Woman"
Lana revealed that she will either be releasing the album at the end of this year, or beginning of next year. That takes us to the loved-up, sparse and distinctly melancholy chorus.

18 October 2020
Maple Leafs Sign Joe Thornton To One-Year Deal
Thornton is a six-time All-Star and won the Hart Trophy and Art Ross Trophy in 2006. Thornton's deal does not include a substantial number of performance bonuses.