EFL rejects Premier League's COVID-19 bailout offer of £50m

Explained ‘Project Big

Explained ‘Project Big

The English Football League (EFL) rejected the offer, created to assist clubs affected by the coronavirus pandemic and made up of grants and interest-free loans, after divisional meetings with its clubs on Thursday.

EFL Clubs have today met (15/10/20) by division to discuss the conditional offer put forward yesterday by the Premier League in respect to the financial support required as a result of the COVID-19 pandemic.

The GBP50 million deal would have been on top of GBP27.2 million already advanced by the Premier League to the lower leagues in the form of solidarity payments.

The plans however have since been rejected by all 20 Premier League clubs, largely due to a perceived power grab by the Premier League's big six, the proposals having suggested removing the one-club one-vote system, with future changes requiring just six votes from the nine longest-serving sides.

The plans - if approved - would see the Premier League distribute more cash to the 72 professional teams in the English Football League.

Leeds United owner Andrea Radrizzani has blasted rivals Liverpool over their Project Big Picture push. Its chief executive Richard Masters spoke on Wednesday about the need to "re-establish trust" with the EFL leadership after the events of last weekend.

England's lower league clubs have rejected the Premier League's offer of a GBP50 million rescue package aimed at easing the financial fallout from the coronavirus.

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Despite the EFL's collective rejection of the £50m Premier League offer, Forest Green chairman Dale Vince said there was a possibility that one or more clubs would be in such dire straits that they could break ranks and go direct to the Premier League for help.

Vince also said his understanding was that the offer was conditional.

Despite having vehemently rejected the suggestion that foreign owners wanted to scrap relegation back in 2011, in a recent interview with SportsPro Liverpool owner John W Henry said: "It's much more hard to ask independent clubs to subsidise their competitors beyond a certain point when you have relegation and especially with the way media is rapidly changing and being consumed today".

"I think when the process keeps on going and people are talking about it then it is very positive".

"In late spring, when the principal aim of these discussions became the concentration of power and wealth in the hands of a few clubs with a breakaway league mooted as a threat", Clarke wrote to members of the FA Council, "I of course, discontinued my involvement and counseled a more consensus-based approach involving all Premier League clubs and its chair and CEO".

"And we know that they have the means to prevent this from happening within their existing mechanisms. Football may come kicking and screaming into this, it may well have to be forced on football".

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