Igitur
Joined: June 2014
Posts: 2,294 
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Post by Igitur on Nov 12, 2020 19:17:46 GMT
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Igitur
Joined: June 2014
Posts: 2,294
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Post by Igitur on Nov 12, 2020 19:23:05 GMT
EFL Clubs have today met by division and separately engaged in overwhelmingly positive discussions in respect of the proposed short-term rescue package currently being discussed between the EFL and Premier League.
The EFL membership have been united throughout the negotiation process that any support package must address the financial issues being experienced at all 72 Clubs before it could be considered in full and moved forward.
The EFL does note the previously stated Premier League position that it would engage with any EFL Club, including those in the Championship, that is suffering severe financial losses due to the pandemic.
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.
The EFL believes that today represents a significant step forward and is hopeful that a final agreement on the short term rescue package across all three divisions can be reached imminently which will provide much needed support, clarity and certainty for all EFL Clubs at a time when they need it most.
In addition to finalising the short-term financial issues, Clubs were today informed that the EFL will contribute fully in the Premier League’s strategic review to consider the future structure and financing of English football, and will hopefully have a direct and positive impact on a more sustainable EFL in the future.
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c4h10
Joined: May 2014
Posts: 476
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Post by c4h10 on Nov 12, 2020 22:12:54 GMT
EFL Clubs have today met by division and separately engaged in overwhelmingly positive discussions in respect of the proposed short-term rescue package currently being discussed between the EFL and Premier League. The EFL membership have been united throughout the negotiation process that any support package must address the financial issues being experienced at all 72 Clubs before it could be considered in full and moved forward. The EFL does note the previously stated Premier League position that it would engage with any EFL Club, including those in the Championship, that is suffering severe financial losses due to the pandemic. 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. The EFL believes that today represents a significant step forward and is hopeful that a final agreement on the short term rescue package across all three divisions can be reached imminently which will provide much needed support, clarity and certainty for all EFL Clubs at a time when they need it most. In addition to finalising the short-term financial issues, Clubs were today informed that the EFL will contribute fully in the Premier League’s strategic review to consider the future structure and financing of English football, and will hopefully have a direct and positive impact on a more sustainable EFL in the future. UH OH! Here we go. |
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basel
Joined: May 2014
Posts: 3,064
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Post by basel on Nov 13, 2020 3:41:23 GMT
In addition to finalising the short-term financial issues, Clubs were today informed that the EFL will contribute fully in the Premier League’s strategic review to consider the future structure and financing of English football, and will hopefully have a direct and positive impact on a more sustainable EFL in the future.
c4h10 posted.
.....[/quote]UH OH! Here we go.
[/quote]
Basel posted......
In the scenario they 'do it' I think I'll walk away,as will many others.We'll all see how "sustainable " their strategy is then.
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,123
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Post by eppinggas on Nov 13, 2020 9:50:47 GMT
So that's £1mil per Club. I wonder what the PL will want in exchange for that...
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Post by laughinggas on Nov 13, 2020 12:11:21 GMT
So that's £1mil per Club. I wonder what the PL will want in exchange for that... Is it split evenly between the 46 clubs? Will league one get a bit more than league Two teams? Rules defined yet? |
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,123
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Post by eppinggas on Nov 13, 2020 12:51:30 GMT
So that's £1mil per Club. I wonder what the PL will want in exchange for that... Is it split evenly between the 46 clubs? Will league one get a bit more than league Two teams? Rules defined yet? I don't think any detail as yet... though I would imagine it won't be £50mil / 48. In the bail out for the National League - 7 teams will get £95k, with the rest £84k. 5 National League North and South will get £36k, and the rest £30k. So probably some kind of bunfight for the money based around average attendances / amount of time spent in the championship / league 1 / league 2. |
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warehamgas
Predictions League
Joined: May 2014
Posts: 3,430
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Post by warehamgas on Nov 13, 2020 13:15:11 GMT
Is this more or less the same deal that the EFL (leagues 1 and 2) turned down a few weeks ago because they wanted to stick with the Championship? It sounds as if they’ve been forced to do the deal with the news this week about 10 clubs are in serious trouble of not being able to pay this month’s wages.
UTG!
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kentgas
Archie Stephens
Joined: May 2014
Posts: 271
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Post by kentgas on Nov 13, 2020 13:55:03 GMT
Worth remembering also that it is £20 m in grants and £30m in loans.
Not sure that it is the game changer that is needed in the current financial situation.
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eppinggas
Administrator
Ian Alexander
Don't care
Joined: June 2014
Posts: 8,123
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Post by eppinggas on Nov 13, 2020 14:00:06 GMT
Worth remembering also that it is £20 m in grants and £30m in loans. Not sure that it is the game changer that is needed in the current financial situation. Is it £20mil grants / £30mil loans? I've not read that... do you have a link? Thanks... |
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Post by laughinggas on Nov 13, 2020 17:33:28 GMT
Worth remembering also that it is £20 m in grants and £30m in loans. Not sure that it is the game changer that is needed in the current financial situation. Is it £20mil grants / £30mil loans? I've not read that... do you have a link? Thanks... This was the basis for the first offer. There has been no announcement if it is the same or a pure 50 mill donation. |
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Post by laughinggas on Nov 13, 2020 17:34:47 GMT
Is it £20mil grants / £30mil loans? I've not read that... do you have a link? Thanks... This was the basis for the first offer. There has been no announcement if it is the same or a pure 50 mill donation. EFL wants the Premier League to provide £ 50 million upfront – not loans – in a rescue package to help League One and Two clubs survive the season after the coronavirus crisis Premier League and EFL are discussing a redemption agreement for lower league clubs The first line is offering £ 20 million upfront plus £ 30 million in additional loans EFL wants £ 50 million upfront in a grant to help League One and Two clubs |
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kentgas
Archie Stephens
Joined: May 2014
Posts: 271
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Post by kentgas on Nov 13, 2020 17:37:21 GMT
Is it £20mil grants / £30mil loans? I've not read that... do you have a link? Thanks... This was the basis for the first offer. There has been no announcement if it is the same or a pure 50 mill donation. This was the original offer which was rejected: “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.” Andy Holt, the chairman of League One club Accrington Stanley, described the situation as “a shambles”. The £50 million offer was for £20 million in grants to League One and League Two clubs immediately with the other £30 million in grants and loans. |
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