Premier League could soon find a breakthrough in talks to complete a deal that will support EFL clubs during the crisis time due to the coronavirus pandemic.
UK government released new guidelines last week after seeing a spike in COVID cases. The new guidelines have pushed back the plans of bringing fans to the stadium as games across different levels continue to take place behind closed doors.
EFL Clubs rely on matchday revenue, so the new guidelines are a massive blow for their future. Many clubs are still struggling with the aftereffects of lockdown. With no clear idea of when fans will be returning to stadiums, EFL clubs find themselves in a tricky situation.
The Premier League clubs are in much better financial condition compared to EFL clubs. The greater revenue from sponsors and broadcasters will allow them to see out this tough financial phase. These clubs do miss out on a lot of money due to lack of fans in the stadium, but there are many avenues of income for them to survive.
In the time of such a crisis, Premier League clubs will come together to help EFL clubs. The likes of Bury, Wigan Athletic, Macclesfield Town have already gone into administration due to lack of funds. If a financial package is not sanctioned by Premier League clubs, then lower league clubs could face a shutdown.
In an interview on Andrew Marr Show (via BBC), Cultural Secretory Oliver Dowden confirmed that Premier League is working to find a way to support the EFL clubs, and a breakthrough could be expected later this week.
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