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

Lower-division clubs reject Premier League bailout | The State

The rifts in English soccer grew Thursday when lower-league clubs rejected a proposed rescue package of 50 million pounds ($65 million) from the Premier League as they seek more cash without conditions.

The likes of Henry and the Glazers have little concept of the importance of football clubs to their communities, particularly in the lower leagues, coming as they do from the US where sport franchises are happy to relocate if a different city offers them a more lucrative deal.

"While EFL clubs are appreciative that a formal proposal has now been put forward, the conditional offer of GBP50 million falls some way short of this".

"I would like to remind the clubs that tried to do this via the back door and in a non-transparent way that the value of their clubs has grown significantly, perhaps four or five times their investment, since they bought thanks to the fantastic job of the Premier League executive and also thanks to the union of the clubs working together".

The Premier League is understood to be prepared to engage with any club, including those in the Championship, who believe they are under immediate threat.

The Premier League's offer came less than a week after details of Project Big Picture (PBP) plans emerged.

"This proposal - which consists of grants and interest-free loans totalling Stg50 million - aims to ensure that no club will go out of business as a result of the financial impact of COVID-19, and all will be able to complete the 2020/21 season".

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.

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.

Leeds United owner Andrea Radrizzani has blasted rivals Liverpool over their Project Big Picture push.

Vince also said his understanding was that the offer was conditional.

"I think when the process keeps on going and people are talking about it then it is very positive".

Prime Minister Boris Johnson's official spokesman was asked about the Premier League bailout for the EFL at a lobby briefing today.

"If the English Premier League is to perform its role as the pinnacle of the domestic game its responsibilities and financial contribution to the wider game need to be more carefully defined", the manifesto said, according to British media. "Football may come kicking and screaming into this, it may well have to be forced on football".



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