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Offer to EFL less than expected

According to The Times this morning, the Premier League is prepared to offer the English Football League just £50m in bailout money.  Another £100m would be available as loans with interest rates similar to those charged by banks.

The EFL says it needs up to £250m to cover losses arising from the coronavirus pandemic.  Some clubs in League One and League Two doubt whether they will be able to pay their wage bills at the end of the month.

Some top flight clubs are questioning why they should have to subsidise EFL clubs.   Crystal Palace Steve Parish says that he knows of no other industry that has been asked to bail out its competitors.  Of course, in football without competitors the sector would not be viable.

However, as Parish points out, supermarkets are not asked to bail out corner shops.

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