Thursday 19 March 2020

Charlton to get £800,000 payout

The EFL has set out a package of financial help to clubs: Update on coronavirus

The EFL stated that 'measures are to be put in place to immediately assist with cash flow via a £50 million short-term relief package. This fund consists of the remaining Basic Award payments being advanced to Clubs immediately, with the remainder made up through interest-free loan facility available to Clubs, calculated in line with the EFL’s Article of Associations.'

Under the terms of the relief fund, Championship clubs will receive their remaining £800,000 award payment from the Premier League on Thursday. In addition, they will be able to apply for a £584,000 interest-free loan. For League One clubs the figures are £250,000 and £183,000, and for League Two sides they are £164,000 and £120,000.

'The primary objective, in order to protect competition integrity, is to deliver a successful conclusion to the 2019/20 season, subject to the over-riding priority around health and well-being.' This could involve matches being played behind closed doors.

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