Archived News from December 2020
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DAVID SHARPE ON BAIL-OUT AND POSSIBLE FANS RETURN
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David Sharpe told David Jackson on BBC Radio Nottingham, Fri 4 Dec 2020:
"It's very much appreciated, £250,000 from the Premier League. The rest, if we do receive more than that, is dependent on the calculations that the league come up with, ie. loss of gate revenue against certain costs. "It's great that the Premier League have helped League One and League Two out. "Reading the strings that are attached to a monitored grant, we probably will not be applying for that. If we did apply, it limits what you can do in transfer windows, it limits the wages you can spend, everything is controlled, and we wouldn't be running the football club how we'd want to. "The £250,000 goes a long way. But we will still have lost a lot of money "Normally we would do half a million plus in season ticket sales and another half a million in matchday sales and hospitality, beer sales, food sales etc. So we are down, but it's certainly a big help. "We're trying to limit costs while bringing in as much revenue as possible. "If we do get moved tiers, we'll do our utmost to get our fans back in as soon as possible, in a safe manner. "We are ready, we've been talking about it for some time. "We do have season tickets holders who want to return, some may not want to return, some may feel they don't want to risk it. So we have to find out of the 1600 season ticket holders we have we need to find out how many want to come. "The first step would be a pilot event." transcribed by Martin Listen in full here: https://www.bbc.co.uk/sounds/play/p090hkxc ---------------- Mansfield Town boss Nigel Clough welcomes EFL rescue package chad.co.uk, By Stephen Thirkill, Friday 4th December 2020 Mansfield Town boss Nigel Clough has backed the new EFL rescue package as a fair deal for all clubs. The package will see Mansfield Town get at least £250,000 following the conclusion of negotiations between the EFL and Premier League to help clubs hit by the COVID-19 fall out.The deal will see Stags get a minimum grant of £250,000 to be paid immediately from a £30m relief pot for League One and Two sides.More cash could then follow based on a calculation of lost gate revenue during the 2019/20 and 20/21 seasons. Clough said: “Anything that we can get in these times is a help and it is great they have come to a deal. "It seems to be a fair deal and a fair calculation as to how they have done it. I’ve not heard too many clubs moaning anyway. https://www.chad.co.uk/sport/football/mansfield-town-boss-nigel-clough-welcomes-efl-rescue-package-3057652 "I’ve not seen the exact details, just the broad terms, but it seems fair that there is a different level of support to reflect different crowds sizes. Sunderland will get 30,000 whereas Accrington will get 2,500, so it’s only right there are different levels of support." A further £20m ‘Monitored Grant’ is to be provided with clubs able to apply for it based on ‘need’, with a joint EFL and Premier League panel to determine club eligibility. Clubs subsequently in receipt of a ‘monitored grant’ will be subject to certain restrictions, in respect to transfer spend and player wages.Clubs who keep to the restrictions will not have to repay any of the funding required, whereas for clubs in breach, the ‘monitored grant’ becomes repayable by the club. --------------- EARLIER STORY: EFL and Premier League statement: Rescue package agreed 3 December 2020 https://www.efl.com/news/2020/december/efl-and-premier-league-statement-rescue-package-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 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.” Support for Clubs in League One and League Two The relief package will provide a combined fund of £50million for League One and League Two Clubs, with £30million to be paid to all 48 Clubs as a grant and a further £20million available on application as a ‘monitored grant’. Details are as follows: A £30million grant to be paid immediately from the Premier League to EFL Clubs for distribution based on lost gate receipts in respect of the 2019/20 and 2020/21 Season. Each Club will receive a minimum payment of £375,000 in League One and £250,000 in League Two. The remaining £15m to be distributed using a lost gate revenue share calculation, which will be approved by both the EFL and the Premier League. In addition, a further £20m ‘Monitored Grant’ is to be provided with Clubs able to apply for it based on ‘need’, with a joint EFL and Premier League panel to determine Club eligibility. Clubs subsequently in receipt of a ‘monitored grant’ will be subject to certain restrictions, in respect to transfer spend and player wages. Clubs who keep to the restrictions will not have to repay any of the funding required, whereas for Clubs in breach, the ‘monitored grant’ becomes repayable by the Club. Any Club in receipt of a grant or monitored grant payment will be required to continue to maintain compliance with the EFL’s financial regulations. -------------------- |
Latest | December 2020