EFL announces financial offer for clubs and their wish for the season amid the coronavirus crisis
The EFL has announced details of a financial package for clubs affected as a result of the coronavirus pandemic – as well as a wish to conclude the 2019/20 season.
As society still deals with the global illness, the EFL’s board met on Wednesday to determine their next move, almost a week after suspending football until April 3 at the earliest.
A £50m relief package was agreed to help clubs whose cash flow is challenged by the lack of matches, while there is a desire to complete the season rather than declare it null and void.
An EFL statement issued on Wednesday night read: “After receiving a detailed brief on a number of matters, the board reaffirmed that the health and wellbeing of EFL staff, players, club employees and supporters would remain central to all decisions in these fast-changing circumstances.
“The EFL board also acknowledges the positive role that member clubs are playing in community solidarity, especially in supporting the vulnerable at this time.
“The primary objective, in order to protect competition integrity, is to deliver a successful conclusion to the 2019/20 season, subject to the overriding priority around health and wellbeing. Plans continue to be developed on the agreed principle that it is in the best interests of the EFL and clubs to complete the current season at the appropriate time.
“The EFL is continuing regular dialogue with the government and relevant health authorities and, as and when more information is known regarding the scale and extent of the coronavirus outbreak in this country, a decision will be taken on the resumption of the league’s fixtures.
“Conversations will continue with the EFL’s counterparts at the FA, the Premier League, the PFA and the LMA to ensure football achieves a joined-up and collaborative approach.
“As part of the league’s continued contingency planning, the board heard the comments and observations from EFL clubs, before discussing a number of issues including the current financial position and implications, insurance, regulatory matters and broadcasting arrangements.
“Discussions centred on financial relief for clubs in the short term and while there is no one single solution, measures are to be put in place to immediately assist with cash flow via a £50million short-term relief package.
“This fund consists of the remaining Basic Award payments being advanced to clubs immediately, with the remainder made up through interest-free loan facility available to clubs, calculated in line with the EFL’s Article of Associations.
“The cash injection is included as part of a series of measures, that includes potential government support to help clubs and their associated businesses through this period of uncertainty.
“The EFL welcomes last night’s announcement made by the Chancellor of the Exchequer, and is continuing discussions to understand how our clubs can access the funding made available to support businesses.
“In addition, we will continue our discussions with our football partners to determine how we can all get through this difficult, challenging and unprecedented situation.
“The EFL, through a dedicated taskforce, continues to review the threat posed by the coronavirus pandemic, and its impact on our clubs and competitions.
“Alongside ensuring the 2019/20 season reaches a successful conclusion, protecting the EFL and its clubs is a key priority for the EFL board, who have today agreed on the following objectives to support future decision-making:
n Ensure the health and wellbeing of our clubs’ employees, supporters and communities.
n Make a positive contribution to the UK’s efforts to tackle coronavirus.
n Protect the EFL’s financial model and club finances.
n Enable the EFL to continue to function as a business.
n Deliver a successful conclusion to the 2019/20 season.”