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Premier League ‘offering grant of less than £50m’ to bailout struggling EFL clubs

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premier league offering grant of less than 50m to bailout struggling efl clubs

The Premier League are reportedly only prepared to offer struggling lower league clubs £50m to help them with the fallout of the coronavirus pandemic – just one fifth of what the EFL claims they need.

Clubs below the Premier League have been left teetering following the financial damage caused by football’s shutdown from back in March.

It left League One and Two unable to fully complete their campaigns, while along with Championship sides left them without crucial revenue in the form of matchday income provided by supporters inside the stadiums.

The Premier League are reportedly only offering a grant of less than £50m to  struggling EFL clubs. Above, Manchester United and Tottenham compete in the top flight on Sunday

The Premier League are reportedly only offering a grant of less than £50m to  struggling EFL clubs. Above, Manchester United and Tottenham compete in the top flight on Sunday

According to The Times, the EFL says it needs up to £250m to cover the losses since lockdown with the £50m offer from the Premier League also in conjunction with another sum of about £100m as a loan with interest rates similar to those charged by banks.

The report also claimed that an agreement between the Premier League and the EFL looks a long way off.

The urgency of the bailout is being particularly felt among third and fourth-tier teams who fear being able to pay wages beyond October, with Premier League chairmen having postponed a meeting to discuss the situation from today until next week.

Premier League have shown a growing resistance to helping out Championship sides. Above Brentford face off against Preston North End in the second tier

Premier League have shown a growing resistance to helping out Championship sides. Above Brentford face off against Preston North End in the second tier

Executives at Premier League clubs have shown growing annoyance over the situation. Many privately believe that funds should not be handed over until top-flight players agree to take pay cuts. 

One source explained: ‘Lots of money goes into the Premier League, which is well reported, but lots of money goes out of it — most of it to players.

‘It’s not like clubs have vast reserves of cash sitting around. Nobody at the clubs is making a killing outside of the football staff.

‘So if the salaries remain the same, where does the EFL think this money is going to come from? It’s not like the owners are pulling vast amounts out to buy themselves yachts and mansions.’

Sportsmail understands  that talks between the Premier League and EFL focused primarily on the top flight providing a bailout for clubs in League One and League Two amid a growing resistance to helping out the Championship.  

Many clubs such as Plymouth Argyle, pictured in action against Hull in League One, lost revenue last term having been unable to complete their domestic campaign

Many clubs such as Plymouth Argyle, pictured in action against Hull in League One, lost revenue last term having been unable to complete their domestic campaign

These would provide a series of short-term loans to cover lost gate receipts in the bottom two divisions that could total £60m by the end of the season.

Premier League club bosses are resisting the demand for £250m because Championship owners are worth more than £32billion combined with the consortium in charge of Barnsley worth an estimated £7bn and the Coates family who run Stoke and Bet365 worth £6.9bn. 

The amount required from the EFL would only be a fraction of the cumulative worth of the Championship owners, 0.77 per cent to be precise.

There is more sympathy from Premier League clubs for teams in League One and League Two who do not have anywhere near that level of backing.

There is a very real possibility a number of them could go out of business, particularly with no immediate prospect of fans coming back into stadiums.

The EFL do not expect the Premier League to provide all the funding they need to get through the season without gate receipts.

Non-league teams are up and running again, with National League resuming at the weekend

Non-league teams are up and running again, with National League resuming at the weekend

As a result, they will be lobbying the government for the extension of tax holidays and holding talks with private equity firms about a loan to distribute to the clubs.

Meanwhile, non-League clubs have been handed a £20m taxpayer funded bailout by the government to help deal with the fallout of the pandemic.

Ministers have decided to hand clubs in the National League, the National League North and the National League South a total of up to £3m a month so they can start their season this weekend.

Many of the 67 clubs faced financial ruin without the matchday revenue they rely on after the Government announced earlier in September that fans would not be allowed into stadiums from October 1 as had been planned.

This post first appeared on dailymail.co.uk

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Bournemouth 1-0 Bristol City: Danjuma’s late strike moves the Cherries up to second in Championship

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bournemouth 1 0 bristol city danjumas late strike moves the cherries up to second in championship

Arnaut Danjuma earned praise from his manager after climbing off the bench to maintain Bournemouth’s unbeaten league record with victory at home to promotion rivals Bristol City.

The Cherries move up to second in the Championship table while their opponents are now winless in four games and slip down to sixth place.

Both sides struck the woodwork in difficult conditions on the south coast before Danjuma’s decisive intervention late in the game. 

Bournemouth winger Arnaut Danjuma secured a hard-fought win at the Vitality Stadium

Bournemouth winger Arnaut Danjuma secured a hard-fought win at the Vitality Stadium

Bournemouth winger Arnaut Danjuma secured a hard-fought win at the Vitality Stadium

On the Dutch international’s winner, Bournemouth boss Jason Tindall said: ‘When you look around and see someone with the quality of Arnaut Danjuma to go on there and deliver the 20 minutes that he did, it is excellent for us.’

On the unbeaten run, Tindall added: ‘To go eight games undefeated at the start of the season in any league is a really good achievement and the players have to take a lot of credit for that for the hard work they have put in. That is where we want to be, towards the top of the league.’

Young Robins striker Antoine Semenyo carved out the first opportunity, twisting and turning inside the box before firing wide.

Danjuma collected Solanke's through ball and lifted the ball over Bristol City keeper Bentley

Danjuma collected Solanke's through ball and lifted the ball over Bristol City keeper Bentley

 Danjuma collected Solanke’s through ball and lifted the ball over Bristol City keeper Bentley

The visitors looked more dangerous going forward with Tyreeq Bakinson forcing Asmir Begovic into a brilliant full-length low save. 

They were denied again when Joshua King leapt to clear Tomas Kalas’ header off the line before a swift counter saw Dominic Solanke’s effort from a narrow angle deflected just wide.

With seconds remaining in the first half, Bristol City’s Famara Diedhiou wriggled through several challenges inside the box but saw his scuffed shot deflected onto the post.

The hosts should have taken the lead when Lloyd Kelly burst into the box and squared for Solanke but the ball somehow ricocheted off the woodwork, before Stanislas fired inches wide as the pressure built.

After Diedhiou’s weak header was saved by Begovic, the hosts had claims for a penalty waved away when Solanke was felled by keeper Dan Bentley while trying to force a loose ball home.

Dominic Solanke clipped an upright and Junior Stanislas fired narrowly wide for the hosts

Dominic Solanke clipped an upright and Junior Stanislas fired narrowly wide for the hosts

Dominic Solanke clipped an upright and Junior Stanislas fired narrowly wide for the hosts

With 10 minutes left, Solanke slipped substitute Danjuma through to convert smartly for the winning goal.

Dean Holden threw on Chris Martin and Nakhi Wells in search of a winner but the Robins boss was left rueing missed opportunities as his side fell eight points behind leaders Reading.

He said: ‘We have absolutely dominated the first half and I don’t think anyone can argue with that. They haven’t had a shot on goal really, Bentley has had nothing to do. We switch off with ten minutes to go against quality players and they make you pay.’

This post first appeared on dailymail.co.uk

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10.30pm Arsenal news LIVE: Ozil training ‘best he can’, Umtiti transfer LATEST, Mike Dean ref for Man Utd

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10 30pm arsenal news live ozil training best he can umtiti transfer latest mike dean ref for man utd
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ARSENAL aim to bounce from defeat against Leicester as they take on Irish side Dundalk in the Europa League.

And then at the weekend it’s old rivals Manchester United in a HUGE Premier League clash.

Follow ALL of the latest Gunners transfer gossip and news below…

This post first appeared on thesun.co.uk

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Jose Mourinho warns Europe ‘remarkable’ Gareth Bale is ready to explode with Spurs hero to be unleashed on LASK

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jose mourinho warns europe remarkable gareth bale is ready to explode with spurs hero to be unleashed on lask

JOSE MOURINHO has warned Europe the real Gareth Bale is coming.

Tonight, the Tottenham boss will hand the Wales superstar his second start since rejoining the club on loan from Real Madrid.

Jose Mourinho is set to start Gareth Bale for Spurs against Royal Antwerp

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Jose Mourinho is set to start Gareth Bale for Spurs against Royal AntwerpCredit: PA:Press Association

Bale, 31, started the north Londoners’ 3-0 win at home to Austrians LASK in last Thursday’s Europa League Group J opener.

And ahead of their clash with Royal Antwerp in Belgium, Mourinho revealed: “Bale is playing. I can see it with my eyes and the scientific data is also telling us he is working very well and improving a lot.

“He’s working very hard and has been a great example for everybody.

“A big guy like him travelled to Burnley on Monday, stayed on the bench for 90 minutes and his behaviour as a team guy has been incredible.

“His behaviour as a Tottenham man is remarkable.

“We will see he is already at a good level and, hopefully, he can fly.”

Defenders Eric Dier and Japhet Tanganga have not travelled with the squad following their recent injuries.

Striker Son Heung-min, who scored the only goal in the 1-0 win at Burnley, has travelled after signing a deal with the same agency which represents Mourinho.

But the Spurs boss denied it will lead to a conflict of interest with the South Korean, who is set to talk with chairman Daniel Levy about a new contract.

Mourinho added: “I don’t care who represents players, I just care about what players give me on the pitch.

“In relation to his contract, I am not worried about it because he has three years remaining.

The percentage of answers have been round up or down from their decimal points

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The percentage of answers have been round up or down from their decimal points

“I am sure sooner or later that will be resolved.”

Antwerp also won their first match in Group J, beating Ludogorets 2-1 away.

And Mourinho admitted: “This will be our toughest match of the group phase.”

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Royal Antwerp vs Tottenham FREE – Live stream, TV channel and kick-off time for Europa League clash

This post first appeared on thesun.co.uk

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