Date: 19th March 2020 at 9:57am
Written by:

A recent article, here on Vital Luton Town, discussed the possibility of EFL clubs being given financial assistance.

Our article – lutons-ceo-ponders-over-the-financial-implications-of-covid-19 – accompanied by another article relating to a pertinent poll – hatters-support-believes-financial-assistance-should-be-forthcoming-for-efl-clubs = covered where this financial assistance may come from.

Thankfully, the realisation that some clubs could be hit hard financially by the COVID-19 crisis and could be forced out of business has been recognised by the EFL.

An article published by The BBC confirms that the EFL is to release a £50 million short-term relief fund to assist any club with cash-flow problems brought about by the lack of revenue through the gates.

Seemingly, each Championship club will receive an £800,000 award payment from the Premier League and also able to apply for a loan of £584,000 which will be interest-free.

There will also be a pro-rata share out, equivalent to £1 million for those clubs who have utilised home-grown players this season.

It is a move that will be welcomed by the clubs, but will it be enough to keep all the EFL clubs financially stable?

I’m afraid we can only wait and see.

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4 Replies to “EFL To Provide Clubs, Including Luton, With Financial Assistance”

  • Hi mh, here is another problem we are facing if the shut down continues. Into June. We have 16 players whose contracts finish and loan players due to return to their parent clubs in May. So if the league resumes surely teams must compete with the same squad as at the shut down. Or the league will be compromised?

    • I saw that and we have some key players who could leave for pastures new or return to their parent clubs, another worrying aspect of the shut down. It remains to be seen what the EFL do!

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