EFL clubs have collectively agreed to accept the Premier League’s offer of a £50m bailout for teams in League One and League Two.
After months of often fraught negotiations between the EFL and Premier League, the decision suggests the game may, at last, find a solution to the financial crisis caused by the Covid-19 pandemic.
The EFL’s 72 clubs met by division on Thursday to once again discuss an offer that had already been rejected. Clubs last month agreed that any bailout should apply to all three EFL divisions, in a show of solidarity with the Championship.
It has been estimated that ten clubs in League One and Two are struggling to make payroll in November.
The EFL confirmed its new position in a statement which said:. “Following a comprehensive debate in all three divisions, a collective agreement in principle was made to move forward and finalise the negotiations‚”
“Championship clubs [made] it clear today that they wanted to ensure their colleagues in League One and League Two received the proposed £50m financial support package to cover gate losses for 2019-20 and 2020-21 as soon as is practically possible.