PREMIER LEAGUE clubs are being asked to pump a staggering £200million into the EFL to save their skins.
The size of the bailout has stunned top-flight chiefs who could have to find £10m each.
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Prem chiefs have been asked to fund a £200m bail-out of cash-strapped EFL clubs
The idea — backed by Government ministers — would mean a one-off payment for the 71 distressed poor relations.
This is in addition to the previous solidarity payments made by Premier League clubs and after an agreement last month that the big boys would advance those payments of £125m to help smaller clubs.
The split of new funds would be made along the lines of past solidarity payments, with 80 per cent to the Championship and the rest to the two lower divisions.
In cash terms that would be £160m to the second tier to make up for lost revenue. So every team from Leeds to Luton would be in for a bumper £6,666,666 windfall on a one-off basis.
And in League Two it is a tenth of that sum each, but still a major help to those lacking money from gate receipts.
Talks are advanced, although there are queries about whether clubs who have already received parachute payments from dropping out of the Prem should get more.
One club owner said: “The parachute money is a sore point at EFL level.
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“There should be a way to make sure those clubs are treated differently.”
Most Championship clubs budget for annual losses and are now facing an even bigger hole in their finances.
League One outfits have also seen their plans wrecked by a lack of paying customers.
And in the bottom level money has virtually dried up since March.
The sum is almost 50 per cent more than the solidarity money given by the Premier League to the EFL each year.
But Prem owners want something out of the gift and may ask for a repayment down the line if players or clubs are sold.
MP Damian Collins, who chairs Parliament’s Digital, Culture, Media and Sport Committee claims ten clubs could go into administration without help in the wake of the coronavirus.
Source: Soccer - thesun.co.uk
