The Premier League and English Football Patrick Kerney Jersey League (EFL) have agreed to a 250 million ($337 million U.S.)rescue package to help clubs overcome the financial challenges of the coronavirus pandemic.
Championship clubs will have acce s to a 200m ($269 million) pool of interest-free loan funds, while a 50 million ($67 million) grant will be made available for thosein League One and Two.
Loans to second-tier clubs will be capped at 8.33 million ($11.2 million)and would have to be repaid by June 2024.
"The Premier League is a huge supporter of the football pyramid and is well aware Michael Dickson Jersey of the important role clubs play in their communities. Our commitment is that no EFL club need go out of busine s due to COVID-19," Premier League chief executive Richard Masters said.
"All football clubs continue to suffer significant financial lo ses as a result of the pandemic, but Premier League shareholders today unanimously agreed to provide additional funding and support for Rasheem Green Jersey EFL clubs in real financial distre s," Masters added.
"We are very pleased to have reached this agreement and we stand together with the EFL in our commitment to protect all clubs in these unprecedented times."
EFL chairman Rick Parry also welcomed the resolution after lengthy discu sions.
"Our overarching aim throughout this proce s has been to ensure that all EFL clubs survive the financial impact of the pandemic," he said.
"I Russell Wilson Jersey 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 D.J. Fluker Jersey welcome, tangible commitment to the profe sional game at a time when it has needed it most."
Fansreturned to some Football League grounds this week after England's national lockdown was replaced by a tier system. However, with attendances limited by social-distancing measures, clubs are unlikely to profit from staging matches under such circumstances.
It is hoped that the deal agreed on Thursday will prevent the Shaun Alexander Jersey worst-case scenario of clubs going out of busine s.