Premier League and EFL agree rescue package
The Premier League and the EFL have agreed a rescue package to protect lower-league clubs from going under amid the coronavirus pandemic.
The EFL said a fund of £50million in the form of a grant and monitored grant payments has been agreed for League One and Two clubs while the Premier League will provide a further financial commitment to assist the EFL in securing a £200m loan facility that clubs in the second tier will be able to utilise interest-free.
EFL and Premier League statement: Rescue package agreed.#EFLhttps://t.co/uNfsPoWUno
— EFL Communications (@EFL_Comms) December 3, 2020
The news follows months of negotiations between the two governing bodies.
