Doncaster Rovers to receive significant funds as part of Premier League rescue package for EFL clubs

Doncaster Rovers will receive at least £375,000 to cover lost gate receipts due to the Covid-19 pandemic after a £250million rescue package was finally agreed between the Premier League and the EFL.

By Liam Hoden
Thursday, 3rd December 2020, 1:07 pm

A fund of £50million has been agreed for League One and League Two clubs, with £30million of that to be paid to clubs immediately.

Each League One club will receive a minimum of £375,000, while League Two clubs will be handed £250,000.

The remaining £15million will be handed to clubs using a lost gate revenue share calculation, with approval from both the EFL and the Premier League.

Sign up to our daily newsletter

EFL

On top of the £30million pot, clubs will also have access to a share of £20million which has been made available on a ‘monitored grant’ basis.

Clubs will apply for funds from that pot based on ‘need’ with a joint EFL and Premier League panel to determine whether they receive a payment.

Those taking advantage of the monitored grant will be forced to operate in certain restrictions, including transfer spend and player wages. Any clubs breaching these restrictions would be forced to repay the grant.

Accepting any of the grants would be seen as a club further committing to abiding by EFL financial regulations.

Championship clubs will have access to a share of £200million as loans from the Premier League. Second tier clubs can apply for up to £8.33million to cover PAYE liabilities up to the end of June 2021 and loans must be repaid by June 2024.

Talks have been on-going between the EFL and Premier League for several months over a rescue package and a deal has finally been signed off.

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.”

*

In these confusing and worrying times, local journalism is more vital than ever. Thanks to everyone who helps us ask the questions that matter by taking out a subscription or buying a paper. We stand together. Nancy Fielder, editor.