EFL Bailout
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HenneysKnee
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Re: EFL Bailout
Is this actually a £50 million bail out or is it TV money etc we would have received anyway down the line?
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saltcellar
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Re: EFL Bailout
The government is set to confirm a rescue package of emergency funding for sports impacted by the absence of spectators because of coronavirus.
A bailout of several hundred million pounds will be announced on Thursday, consisting of both grants and loans.
Both rugby codes and horse racing will be among the main beneficiaries, although a range of sports will receive assistance.
The Premier League and English Football League will not be among them.
The government says the sport is wealthy enough to support itself.
Government exploring potential return for fans in December
Nigel Huddleston, the UK sports minister, has said he will be making a statement on financial support for the sport sector in the House of Commons on Thursday after weeks of talks with the Treasury.
In September, more than 100 sports bodies wrote to Prime Minister Boris Johnson to ask for emergency funding, warning of "a lost generation of activity" because of coronavirus.
The coalition of organisations said they were "united in our concern that at a time when our role should be central to the nation's recovery, the future of the sector is perilous".
They also pointed to the £1.6bn of support that the arts sector received in July.
Sports were then asked to tell the government how much they estimated they would lose as a result of turnstiles being closed.
In a devastating blow to cash-strapped sports bodies, plans for a partial return of spectators from 1 October were scrapped amid a rise in coronavirus cases.
Turnstiles have been closed since March, despite sports saying that pilot events with socially-distanced crowds have been achieved safely.
The Department for Digital, Culture, Media and Sport is working on allowing fans into stadiums in areas where rates of infections are deemed sufficiently low - possibly before Christmas.
"I understand the frustration over fans and we hope to get crowds back in the ground as soon as possible," Johnson said on Wednesday in response to a question from Karl McCartney, the Conservative MP for Lincoln.
Meanwhile, the petition to exempt golf courses from the list of venues required to close during lockdown will be debated by MPs on 23 November, as will a similar one relating to gyms.
A bailout of several hundred million pounds will be announced on Thursday, consisting of both grants and loans.
Both rugby codes and horse racing will be among the main beneficiaries, although a range of sports will receive assistance.
The Premier League and English Football League will not be among them.
The government says the sport is wealthy enough to support itself.
Government exploring potential return for fans in December
Nigel Huddleston, the UK sports minister, has said he will be making a statement on financial support for the sport sector in the House of Commons on Thursday after weeks of talks with the Treasury.
In September, more than 100 sports bodies wrote to Prime Minister Boris Johnson to ask for emergency funding, warning of "a lost generation of activity" because of coronavirus.
The coalition of organisations said they were "united in our concern that at a time when our role should be central to the nation's recovery, the future of the sector is perilous".
They also pointed to the £1.6bn of support that the arts sector received in July.
Sports were then asked to tell the government how much they estimated they would lose as a result of turnstiles being closed.
In a devastating blow to cash-strapped sports bodies, plans for a partial return of spectators from 1 October were scrapped amid a rise in coronavirus cases.
Turnstiles have been closed since March, despite sports saying that pilot events with socially-distanced crowds have been achieved safely.
The Department for Digital, Culture, Media and Sport is working on allowing fans into stadiums in areas where rates of infections are deemed sufficiently low - possibly before Christmas.
"I understand the frustration over fans and we hope to get crowds back in the ground as soon as possible," Johnson said on Wednesday in response to a question from Karl McCartney, the Conservative MP for Lincoln.
Meanwhile, the petition to exempt golf courses from the list of venues required to close during lockdown will be debated by MPs on 23 November, as will a similar one relating to gyms.
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Richard Ingham
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Re: EFL Bailout
The latter was certainly the case in the last round of negotiations, I wouldnt imagine the PL would be being much more generous this time. We will wait and see I guess.HenneysKnee wrote: ↑Thu Nov 12, 2020 8:46 pm Is this actually a £50 million bail out or is it TV money etc we would have received anyway down the line?
Re: EFL Bailout
I'm not sure what the details are with this package, if the £20million grant is divided equally between 48 L1/L2 clubs then it's £416k each but if it's divided between 72 clubs then it's £277k.
This is an assumption based on equal shares for the grant and ignoring the loan. Is £277k enough to fill our losses?
This is an assumption based on equal shares for the grant and ignoring the loan. Is £277k enough to fill our losses?
Re: EFL Bailout
Proposed to be divided "based on attendances".
(Our recent average EFL attendance is 0.)
(Our recent average EFL attendance is 0.)
Re: EFL Bailout
Yes, quite correct but the attendance for all clubs this season is 0 so shall we talk sensibly?
Based on last season, which was i think a 2200 average then how much do we get?
Re: EFL Bailout
Our EFL attendance last season was also 0 as was our five-year EFL average.
What I think doesn't matter.
What I think doesn't matter.
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chipmunx
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Re: EFL Bailout
what was our average for our last 5 years in the Football league?
Lancashire;- born and bred
Re: EFL Bailout
Reasonable - you are on to something! 
'67-8 must have approached 6000 (8th in Div 3), '68-9 around 4000 (19th in Div 3), '69-70 perhaps 3500 (23rd in Div 3; relegated to div 4), '70-1 perhaps 2200 (bottom of Div 4), '71-2 perhaps 2100 (22nd in Div 4; not re-elected)
[Quick estimates. Don't shout too loudly at me if you spend the next couple of hours on Excel and find I'm wrong!]
The £20 million was proposed to be divided between Leagues 1 & 2, based on attendance. Some would suggest that this is fair since well-attended clubs might have bigger overheads, others might ague there is some unfairness in this as small, possibly well-run clubs with moderate attendances are being penalised.
Would the share be weighted (eg lump sum plus attendance quotient?) What about teams who weren't in L1 or L2 last season? Would Barrow's average attendance last season be similar to what might have happened this season? (May have been better this year?) Would Sunderland's attendance in the Championship last season 32157 be maintained in Div 1 this year? (Perhaps if winning?) Would Sunderland deserve fifteen times more bailout money than Barrow?
Tough problem to resolve.
'67-8 must have approached 6000 (8th in Div 3), '68-9 around 4000 (19th in Div 3), '69-70 perhaps 3500 (23rd in Div 3; relegated to div 4), '70-1 perhaps 2200 (bottom of Div 4), '71-2 perhaps 2100 (22nd in Div 4; not re-elected)
[Quick estimates. Don't shout too loudly at me if you spend the next couple of hours on Excel and find I'm wrong!]
The £20 million was proposed to be divided between Leagues 1 & 2, based on attendance. Some would suggest that this is fair since well-attended clubs might have bigger overheads, others might ague there is some unfairness in this as small, possibly well-run clubs with moderate attendances are being penalised.
Would the share be weighted (eg lump sum plus attendance quotient?) What about teams who weren't in L1 or L2 last season? Would Barrow's average attendance last season be similar to what might have happened this season? (May have been better this year?) Would Sunderland's attendance in the Championship last season 32157 be maintained in Div 1 this year? (Perhaps if winning?) Would Sunderland deserve fifteen times more bailout money than Barrow?
Tough problem to resolve.
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MisterPleasant
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Re: EFL Bailout
£50m grant (not loan) fund for League 1 & 2 clubs agreed between Prem and EFL:
https://www.barrowafc.com/news/2020/dec ... bs-agreed/
https://www.barrowafc.com/news/2020/dec ... bs-agreed/
Don't let the old man in.
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saltcellar
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Re: EFL Bailout
The EFL and the Premier League have issued a joint statement after a rescue package was agreed.
The EFL and the Premier League have today concluded negotiations on a rescue package and distress fund to address the immediate financial challenges faced by EFL Clubs arising as a result of the Covid-19 pandemic.
A fund of £50m 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 Championship Clubs will be able to utilise interest free.
Premier League Clubs have given their final approval to the agreement at today’s shareholder meeting and this followed earlier approval of the deal by the EFL Board, acting on behalf of its membership.
EFL Chair, 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 behalf of our Clubs and as we have maintained throughout this will provide much needed support and clarity following months of uncertainty.
“I would like to thank Richard Masters and Gary Hoffman for their efforts on behalf of the Premier League, and of course their shareholders, for making this welcome, tangible commitment to the professional game at a time when it has needed it most.”
Richard Masters, Premier League Chief Executive, said: “The Premier League is a huge a supporter of the football pyramid and is well aware of the important role clubs play in their communities. Our commitment is that no EFL club need go out of business due to COVID-19.
“All football clubs continue to suffer significant financial losses as a result of the pandemic, but Premier League Shareholders today unanimously agreed to provide additional funding and support for EFL clubs in real financial distress.
“We are very pleased to have reached this agreement and we stand together with the EFL in our commitment to protect all clubs in these unprecedented times.”
The EFL and the Premier League have today concluded negotiations on a rescue package and distress fund to address the immediate financial challenges faced by EFL Clubs arising as a result of the Covid-19 pandemic.
A fund of £50m 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 Championship Clubs will be able to utilise interest free.
Premier League Clubs have given their final approval to the agreement at today’s shareholder meeting and this followed earlier approval of the deal by the EFL Board, acting on behalf of its membership.
EFL Chair, 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 behalf of our Clubs and as we have maintained throughout this will provide much needed support and clarity following months of uncertainty.
“I would like to thank Richard Masters and Gary Hoffman for their efforts on behalf of the Premier League, and of course their shareholders, for making this welcome, tangible commitment to the professional game at a time when it has needed it most.”
Richard Masters, Premier League Chief Executive, said: “The Premier League is a huge a supporter of the football pyramid and is well aware of the important role clubs play in their communities. Our commitment is that no EFL club need go out of business due to COVID-19.
“All football clubs continue to suffer significant financial losses as a result of the pandemic, but Premier League Shareholders today unanimously agreed to provide additional funding and support for EFL clubs in real financial distress.
“We are very pleased to have reached this agreement and we stand together with the EFL in our commitment to protect all clubs in these unprecedented times.”
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MisterPleasant
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Re: EFL Bailout
What it doesn't say is how the fund will be distributed. That will follow, I assume.
Don't let the old man in.
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