Reform of English football

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Norwood
Just posted this on the Salford thread but as there is this talk of US franchises apparently last week TPG an American equity offered to buy 20% of the EFL. Similar deal to what happened with CVC also a US equity fund buying into Premiership rugby. Approach rejected by Parry without even being put to members apparently.
 
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Alan King, Barry Dyson
Apparently, this proposal is now dead, having been rejected at a meeting of EPL clubs today. Instead, the 20 clubs will work together on a joint proposal for football reform. Although technically dead, the Big Picture was an attempt to open the debate and steer things their way, so let's wait and see what happens.
 
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Jason Koumas / John Morrissey
Any idea of the figures involved ?
£50 million to be split between Leagues One and Two, with two thirds for League One. An element of the £50 million is in the form of an interest free loan, but they have not specified what proportion.

No assistance for the Championship yet, but that is still being discussed.
 
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Alan King, Barry Dyson
By my calculation and assuming the money is equally shared between all 24 clubs, that means we get about £700k. If we'd still been in L1 it would have been £1.4M, so that's another £700k the demotion has cost us. But the money will be welcome, even if most of it is a loan.
 

bigmart

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Ian Muir
By my calculation and assuming the money is equally shared between all 24 clubs, that means we get about £700k. If we'd still been in L1 it would have been £1.4M, so that's another £700k the demotion has cost us. But the money will be welcome, even if most of it is a loan.
I'm not sure it will be shared equally, the EFL are holding a meeting today so maybe more details will emerge soon.
 
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I have just caught up with a post on the BBC website about the proposed bailout for EFL clubs.
www.bbc.com/sport/amp/football/54587893
It seems the EPL are insisting that any money will be given on the basis of dire need in order to prevent a club folding rather than to help cover the increased costs and loss of revenue caused by the pandemic. This is strange, as I thought Covid was the catalyst. It’s also worrying, as it will probably mean we’ll get nothing as we are a well-run, sustainable club. Instead, it will go to the overspending clubs such as those who bought their survival in League One last season at our expense.
Someone needs to sort this out as soon as possible.
 
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