× Sports Volleyball and Handball Cricket Hockey Gossip & Rumours Premier League videos TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Digital News Opinions E-Paper Videos Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog Enterprise VAS E-Learning E-Paper The Standard Group Corporate RSS
Login ×

EFL to receive Sh38 billion bailout package from Premier League

Last updated 1 month ago | By Reuters

The 20 Premier League teams in the 2020/21 season.

The Premier League has reached an agreement with the English Football League (EFL) to provide a 250 million pounds ($336.13 million) (Sh38 billion) bailout package for lower division clubs struggling financially due to the COVID-19 pandemic.

Premier League clubs gave their final approval to the agreement at a shareholders' meeting on Thursday.

"A fund of 50 million pounds in the form of a grant and monitored grant payments has been agreed for League One and Two clubs," the Premier League said in a statement.

"The Premier League will provide a further financial commitment to assist the EFL in securing a 200 million pounds loan facility that Championship clubs will be able to utilise interest free."

The EFL trophy
Share this story