Published: 16:00, 03 April 2020
| Updated: 16:30, 03 April 2020
The Premier League have agreed to offer financial support to the leagues below.
Premier League chiefs met today (Friday) and will provide a £125m financial relief package for teams in the EFL and National League.
A statement from the EFL, meanwhile says that they and the Premier League have “agreed to postpone its football competitions until it is safe to resume.”
All football below those levels has been ended for the season.
Cash flow for the clubs in the EFL and National League will be helped out by the Premier League fund,which will be available immediately.
A PL statement said: “While there is no single solution, measures are to be put in place to immediately deal with the impact of falling cash flow.
“The League unanimously voted to advance funds of £125 million to the EFL and National League as it is aware of the severe difficulties clubs throughout the football pyramid are suffering at this time.”
A further £20m has been immediately committed to support the NHS, communities, families and vulnerable groups during the Covid-19 pandemic.
Top-earning stars in the Premier League have come under fire after non-playing staff at clubs like Tottenham were put on leave, under the Government’s emergency Coronavirus Job Retention Scheme, while playing staff remained on full pay.
Health secretary Matt Hancock has said Premier League players should “take a pay cut and play their part.”
Gillingham chairman Paul Scally has also pointed to the wealth at the top.
Mr Scally said this week: “The Ferraris will be going, the Lamborghini too. Fans have had enough of it. Football is in a bubble and maybe it needs to burst.”
The Premier League say that clubs unanimously agreed to consult their players regarding a combination of conditional reductions and deferrals amounting to 30% of total annual remuneration.
The EFL statement said: “Football is committed in supporting the Government’s efforts in tackling the Covid-19 outbreak and the staging of football matches in this country. It is clearly something that simply cannot happen at this time.
“The thoughts of everyone associated with the EFL and its member clubs are with anyone currently affected by the coronavirus.
“The situation will be kept under constant review with matches only returning at an appropriate point and based on the latest guidance provided by the relevant government departments and health authorities.
“The EFL also notes and appreciates the decision taken today by the Premier League in respect of the short-term financial relief it is to provide EFL Clubs through the advancement of solidarity payments, parachute payments and academy grants.
“These actions will have a positive impact on individual clubs across our three divisions at a difficult and uncertain time.”
More by this authorLuke Cawdell