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Premier League and EFL agree coronavirus rescue package to stop clubs going bust

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03.12.2020 - 16:19

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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.

The news follows months of negotiations between the two governing bodies. EFL chairman Rick Parry said: "Our over-arching aim throughout this process has been to ensure that all EFL clubs survive the financial impact of the pandemic. "I am pleased that we have now reached a resolution on

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