Crewe Alex set to receive Premier League cash

Crewe Alex set to receive Premier League cash

Crewe Alexandra will receive a minimum of £375,000 after a deal was struck between the EFL and the Premier League.

The support package has been agreed after the Coronavirus forced clubs to play games behind closed doors resulting in no matchday revenue or gate receipts for clubs.

Clubs in League 1 and 2 will receive £50 million between them, all League 1 clubs are guaranteed a minimum of £375,000 and League 2 clubs a minimum of £250,000 each

The remaining funds will be distributed between the clubs based on a lost gate revenue share calculation.

EFL chairman Rick Parry said:

Our over-arching aim throughout this process has been to ensure that all EFL clubs survive the financial impact of the pandemic.

I 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.”

Premier League chief executive Richard Masters said: “The Premier League is a huge supporter of the football pyramid and is well aware of the important role clubs play in their communities. Our commitment is that no EFL club need go out of business due to Covid-19.

All football clubs continue to suffer significant financial losses as a result of the pandemic, but Premier League shareholders unanimously agreed to provide additional funding and support for EFL clubs in real financial distress.

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.

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