League One and Two clubs poised for cash boost from Premier League
Clubs in League One and Two look set to be able to access the £50million coronavirus rescue package from the Premier League soon after EFL clubs held positive talks on Thursday.,
The package, understood to be made up of £20million in grants and £30million in loans to help clubs cope with the absence of matchday revenue, was initially rejected by the EFL because it felt the Championship was excluded from the offer.
Now that the Premier League has brought forward a separate package for Championship clubs, the impasse seems to have been broken.
In a statement, the EFL said: “Following a comprehensive debate in all three divisions, a collective agreement in principle was made to move forward and finalise the negotiations, with Championship clubs making it clear today that they wanted to ensure their colleagues in League One and League Two received the proposed £50m financial support package to cover gate losses for 2019-20 and 2020-21 as soon as is practically possible.
“Championship clubs also acknowledged that discussions in respect of the levels of support they will receive will remain ongoing.”