Mansfield Town boss Nigel Clough welcomes EFL rescue package
The package will see Mansfield Town get at least £250,000 following the conclusion of negotiations between the EFL and Premier League to help clubs hit by the COVID-19 fall out.The deal will see Stags get a minimum grant of £250,000 to be paid immediately from a £30m relief pot for League One and Two sides.More cash could then follow based on a calculation of lost gate revenue during the 2019/20 and 20/21 seasons.
Clough said: “Anything that we can get in these times is a help and it is great they have come to a deal.
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Hide Ad"It seems to be a fair deal and a fair calculation as to how they have done it. I’ve not heard too many clubs moaning anyway.
"I’ve not seen the exact details, just the broad terms, but it seems fair that there is a different level of support to reflect different crowds sizes. Sunderland will get 30,000 whereas Accrington will get 2,500, so it’s only right there are different levels of support."
A further £20m ‘Monitored Grant’ is to be provided with clubs able to apply for it based on ‘need’, with a joint EFL and Premier League panel to determine club eligibility.Clubs subsequently in receipt of a ‘monitored grant’ will be subject to certain restrictions, in respect to transfer spend and player wages.Clubs who keep to the restrictions will not have to repay any of the funding required, whereas for clubs in breach, the ‘monitored grant’ becomes repayable by the club.