Football Finance

March 30 – The English Football League (EFL) has secured a £117 million loan fund for Championship clubs with MetLife Investment Management.
The funding package will help clubs in the Championship in “meeting PAYE liabilities”, the EFL said in a statement released on Monday. The loan matches the figure requested by the 24 second-tier clubs in order to meet wages and is a victory for EFL chairman Rick Parry. EFL clubs have been economically ravaged during the coronavirus pandemic...

May 15 – The Premier League’s plans to resume the season next month have been given a boost with Britain’s Culture and Sport secretary Oliver Dowden saying the government was “opening the door” for football to return in June behind closed doors with the possibility of more accessibility to armchair fans.
Mass gatherings are still banned and fans are not allowed to attend sports events but the Premier League needs to complete its season in order to fulfil lucrative broadcasting contracts...

By Andrew Warshaw
May 13 – No tackling, disinfected pitches, daily tests. The health protocol for English Premier League players preparing for a phased return to training has been revealed.
But will it work and is it safe? Not everyone is happy – from players to the Mayor of London.
Under the plans, circulated to players ahead of several meetings with key stakeholders starting today and for the rest of  his week,  …

February 25 – After weeks of uncertainty, the non-league game in England below the top two levels has been curtailed for the second successive season.
More than 75% of clubs in steps 3 to 6 of the non-league pyramid voted in a survey to end the campaign if games could not be played with fans before April 1.
It is  the second time in a row that the non-league season has been wiped put prematurely after last season’s results were declared null and void in March.

By Andrew Warshaw
May 29 – It won’t look the same, it won’t feel the same. But the millions for whom football is the best possible drug to lift spirits during the Covid-19 crisis will be delighted by the news.
The Premier League is back,  on June 17 to be precise – roughly at the same time as Serie A and La Liga – even though Britain has the highest corona-related death rate in the world outside the United States.

By Paul Nicholson
May 5 – English Football League chairman Rick Parry painted the picture of a £200 million financial hole for the league and its 72 clubs by September, on top of an already existing wage issue that sees Championship club owners putting in on average £16 million of their own money to reach the Premier League.
Giving evidence to the Digital, Culture, Media and Sport committee about the impact of coronavirus, …

April 3 – Premier League clubs have agreed to consult with their players over a 30% reduction in wages as it was confirmed English football will not resume for the foreseeable future.
Top-flight teams have also voted to provide £125 million to the three Football League divisions below and the top two non-league divisions in order to “protect employment throughout the professional game” and help with cash flow problems caused by the Covid-19 pandemic.…