Premier League and EFL told by MPs their efforts to bail out lower league clubs iis a ‘FARCE’

FOOTBALL

[ad_1]

Premier League and EFL told by MPs their efforts to bail out lower league clubs in danger of extinction due to the coronavirus pandemic are a ‘FARCE’ after failing to come up with a rescue plan for seven months

  • Premier League chief executive Richard Masters and EFL chairman Rick Parry have appeared before the DCMS committee to answer questions over a bail out
  • Committee chairman Julian Knight accused them of a ‘farce’ after the two organisations failed to put in place a rescue plan after seven months
  • Knight says ten clubs in the EFL are not expected to make payroll in November 
  • Masters defended his organisation saying it had stepped up to help the EFL 

The chief executive of the Premier League and chairman of the EFL have been told their efforts to help clubs pushed to the brink of extinction by the cornavirus pandemic have been a ‘farce’. 

Richard Masters and Rick Parry appeared before the Department of Culture Media and Sport Select Committee on Tuesday to answer questions over the long-awaited bail out of lower league clubs.

And committee chairman, MP Julian Knight, was not mincing his words.

Chairman of the DCMS select committee Julian Knight has not minced his words

Chairman of the DCMS select committee Julian Knight has not minced his words

‘Frankly it feels as if negotiations have taken far too long,’ he said. ‘And there is a degree of farce about them when it comes to Project Big Picture.’

The committee has been highly critical of Project Big Picture, which was widely seen as a power grab by the country’s biggest clubs, taking advantage of the fact that the pandemic has left lower leagues sides financially weakened,

Knight said that professional football was only allowed to return last season with an agreement that the Premier League would strike a deal with the EFL to bail out clubs that are in danger of going bust.

‘Ten EFL clubs are unlikely to make pay roll this month,’ said Knight. ‘But you spend £1.2 billion in the transfer window.

EFL chairman Rick Parry has appeared  before the DCMS Select Committee

Premier League chief executive Richard Masters  has appeared  in Parliament

Rick Parry, chairman of the EFL ( left) and the Premier League’s chief executive Richard Masters (right) whave appeared before MPs on the DCMS Select Committee

‘The idea of allowing you to come back was to allow you to help the rest of the sport.’

Teams in the Championship, League One and Two depend on matchday income for up to a third of their revenue, but since the government banned the return of fans to stadiums they have struggled to make ends meet.

The government has made clear that it expects the Premier League to assist the EFL in the financial crisis, which has resulted from the pandemic.

And yet, seven months in no deal has been struck. 

The Premier League has offered a mixture of loans and grants to support Leagues One and Two

The Premier League has offered a mixture of loans and grants to support Leagues One and Two

The EFL has introduced a £50m emergency loan fund for clubs on the edge of administration

The EFL has introduced a £50m emergency loan fund for clubs on the edge of administration

Richard Masters, chief executive of the Premier League, defended the efforts of his own organisation, the Football Association and the EFL.

‘We have been asked to step up and I believe we are doing that,’ he said.

‘The three  organisations have worked on a complex calendar to maximise opportunity for all of us.

‘In a broad offer to the EFL we have said no club need to go out of business due to Covid-related reasons during the season.’

Clubs in England's lower leagues have struggled financially, especially during the pandemic

Clubs in England’s lower leagues have struggled financially, especially during the pandemic

Masters said there was an offer on the table of £20m in grants and  £30m in loans for League One and Two clubs. 

Support for Championship clubs that cannot afford to pay their way is also under discussion.

He added that the Premier League had maintained regular payments to the EFL of £110m last year and this year, despite its own clubs expecting to lose £1 billion themselves this season, due to the pandemic.

[ad_2]

Source link