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Soccer-Premier League announces additional funding for EFL, National League

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By Reuters
Soccer-Premier League announces additional funding for EFL, National League
Soccer-Premier League announces additional funding for EFL, National League   -   Copyright  Thomson Reuters 2021   -  

<div> <p> – The Premier League said on Thursday it will provide additional funding to clubs in England’s third, fourth and fifth tiers to aid their financial recovery from the <span class="caps">COVID</span>-19 pandemic.</p> <p>League One and League Two sides will receive a further 20 million pounds ($26.95 million) in the 2021-22 season while five million pounds will go to the 66 clubs in three National League divisions between this year and 2025.</p> <p>Last year, the Premier League reached an agreement with the English Football League (<span class="caps">EFL</span>) to provide a 250 million pounds bailout package for lower division clubs.</p> <p>The second-tier Championship received an interest-free loan of 200 million pounds while League One and League Two clubs were awarded a grant of 50 million pounds.</p> <p>The additional funding covers five areas – support for the National League system, developing the women’s and girls’ game, enhancing community football facilities, supporting <span class="caps">EFL</span> clubs and projects that help the wider game.</p> <p>($1 = 0.7421 pounds)</p> <p/> </div>