Premier League shareholders have ‘unanimously’ voted to advance funds of £125 million to the EFL and National League.
It was at a meeting today that shareholders discussed in detail how to respond to the COVID-19 global pandemic.
One topic on the agenda was solidarity with clubs below the top flight, and the Premier League have stated:
“Discussions also took place regarding financial relief for clubs in the short-term and while there is no single solution, measures are to be put in place to immediately deal with the impact of falling cash flow.
“Critically, 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.”