English football bosses to meet government over lack of EFL bailout
Leaders of English football will face MPs next week over the current failure to agree a coronavirus rescue package for the EFL, with Project Big Picture also under scrutiny.
Premier League chief executive Richard Masters, EFL chairman Rick Parry and Football Association boss Greg Clarke have all been called before the Digital, Culture, Media and Sport (DCMS) committee next Tuesday.
The Government has insisted the Premier League must provide financial assistance to the EFL, and has pointed out that such help was one of the conditions for it giving the green light to Project Restart over the summer, when the 2019-20 season resumed behind closed doors.
Julian Knight, the Conservative MP for Solihull who chairs the DCMS committee, says he agrees that football must help itself.
„It’s a very unedifying sight when you’ve seen other sports coming together in order to find a way through this crisis,“ Knight told Sky Sports News.
„Football has just had a transfer window where they’ve spent £1.2 billion, where we have 12-15 EFL clubs in the emergency ward, so to speak, that are in a situation where they could go under.
„And having dealt with the aftermath of Bury and seen there the way in which that crushed the community, frankly I’m not really prepared to stand by and at least not do anything about that.
„They’ve been given a lot of space, a lot of time. I do know they’re talking now and I would like to think that over the last two weeks while we have set up this meeting that may have focused some minds, let’s hope that it has.
„You never know, they could be now on the cusp of putting a deal together and then we can explore that deal in the committee. Hopefully that will be the case.
„But the truth of the matter is that football in this country has for a long time, there’s been a feeling that the governance and the way in which that many of those at the top of the game conduct their business and their approach to fans and to the grassroots of the game hasn’t been right.
„The Covid crisis has just brought that into the sharpest of focus, so we’re looking forward to the session, and I would imagine it would be – to coin a current phrase – fairly good box office!“
He added: „It does look to be deeply jarring if you have a situation where you’ve got a deal at the top of the game worth £9 billion and then you have football cubs going under for the equivalent of a week’s wage to Gareth Bale, and I’m not singling out Gareth Bale in that respect.
„At this particular time there seems to be something incredibly poorly placed with the game and I don’t wish to put particular blame on one of these institutions. I’m coming to the session with an open mind, I’m really keen to hear what they have to say.
„Hopefully they’ll come with a plan, that would be absolutely fantastic. The only thing is it’s just a shame that it’s taking so long for them to come together. Other sports have put together plans in much quicker time.“
EFL clubs have been particularly hard-hit by the loss of matchday revenue due to the pandemic, but they rejected an offer of £50m for League One and Two sides from the Premier League made up of grants and loans, saying it „fell some way short“ of what was required.
The Premier League says the offer remains on the table and is ready to engage with any club in financial crisis.
Parry has previously stated that EFL clubs need a rescue package of £250m to account for the losses to revenue from last season and the current campaign.
EFL board member Steve Curwood told the PA news agency on Wednesday that a new £30m emergency loan facility from the Premier League for Championship clubs would be examined at a board meeting on Thursday.
However, he said that, combined with the earlier offer, it still „barely touched the sides“ and as part of the Save Our Clubs campaign it was the Government’s job to step in and provide assistance.
Knight said: „If the EFL wants to come in front of the committee and make the argument that the Government and taxpayers – and don’t forget we’re borrowing to the tune of £36 billion every month, which is what we spend on defence every year – if they wish to come and make that argument in front of MPs, good luck to them.“
The committee will also take the opportunity to probe the game’s leaders on the Project Big Picture proposals.
These first came to light last month, and would have represented the most significant changes to the English football pyramid since the foundation of the Premier League in 1992 if they had been implemented.
Parry publicly supported the proposals, which were developed by Liverpool and Manchester United. Measures such as an immediate £250m rescue package for EFL clubs and a 25 per cent share in future Premier League media revenues were welcomed by many, but the plans also sought to concentrate power in the hands of the top-flight’s big six clubs.
Project Big Picture was described by the Football Supporters’ Association as „a sugar-coated cyanide pill“ while the Secretary of State for DCMS, Oliver Dowden, derided it as a „distraction at best“ and urged Parry in a committee hearing to ignore this „latest wheeze“ and focus on bailout talks with the Premier League.
Clarke’s presence before the committee comes amid questions over his role in Project Big Picture.
He told the FA Council last month that he had been involved in early discussions but walked away in the spring when „the principal aim became the concentration of power and wealth in the hands of a few clubs, with a breakaway
league mooted as a threat“.
A number of reports have since suggested Clarke was much more centrally involved.
Knight said: „I’d like to find out the genesis of it, how it came about, who supports it, who doesn’t support it, why do they support it, why don’t they support it. What was the role of the three bodies that are in front of us, and were there any merits to it?
„I understand the way it looked like a power grab, but small elements such as the greater distribution of TV revenues down the game, I thought that was a good idea.“
Soccer Accumulator Bonus
Our fantastic Euro Soccer accumulator offer gives you the chance to earn a bonus of up to 100% on accumulators on the top domestic leagues in Europe along with the group and knockout stages of the Champions League.
This offer applies to returns on pre-match accumulators of 3 or more selections on Full Time Result or Result/Both Teams To Score markets for the English Premier League, Italian Serie A, Spanish Primera Liga, German Bundesliga 1 or UEFA Champions League.
The maximum bonus that you can receive is ˆ100,000 or currency equivalent. The bonus will not apply where a stake has been fully Cashed Out. Where a stake has been partially Cashed Out, the bonus will be calculated based .on the remaining active stake. If a qualifying bet is edited .using our Edit Bet feature. The bonus will be calculated based on the new stake. Where a bet has been edited to include or amend a selection for an event that is In-Play, the bonus will no longer apply. Double Chance bets or combination bets with bonuses. Such as Lucky 15’s or Lucky .31’s do not apply for this offer.
If your bet is successful, we will add the following bonuses to your returns:
Bet Type Bonus
14-folds and upwards 100% bonus
Terms and Conditions
Applies to straight pre-match accumulator bets on the Full Time Result or Result/Both Teams To Score markets for UEFA Champions League, English Premier League, Italian Serie A, Spanish Primera Liga, German Bundesliga .1 or Australian A-League matches. Maximum bonus ˆ100,000 or currency equivalent. Soccer Accumulator Bonus does not apply to Double Chance bets or combination. bets with bonuses such as Lucky 15’s, Lucky 31’s etc.
If any selections are postponed/void then the bonus will still apply, but the percentage bonus added will reflect the actual number of winning selections. For example, an 8-fold accumulator with 7. winners and 1 postponed match will receive a 30% .bonus to returns.
The bonus part of your returns will be added to your account within 24 hours of your final selection having played.
This bonus will not apply where a stake has been fully Cashed Out. Where a stake has been partially Cashed Out, the bonus will be calculated based on the remaining active stake.
If a qualifying bet is edited using our Edit Bet feature, the bonus will be calculated based on the new stake. Where a bet has been edited to include or amend a selection for an event that is In-Play, the bonus will no longer apply.
Where any term of the offer or promotion is breached or there is any evidence of a series of bets placed by a customer or group of customers, which due to a deposit bonus, enhanced payments, free bets, risk free bets or any other promotional offer results in guaranteed customer profits irrespective of the outcome, whether individually or as part of a group, bet365 reserves the right to reclaim the bonus element of such offers and in their absolute discretion either settle bets at the correct odds, void the free and risk free. bets or void any bet funded by the deposit bonus.
In addition bet365 .reserve the right to levy an administration charge on the customer up to the value of the deposit bonus, free bet, risk free bet or additional payment to cover administrative costs. We further reserve the right to ask any customer to provide sufficient documentation for us to be satisfied in our absolute discretion as to the customer’s identity prior to us crediting any bonus, free bet, risk free bet or offer to their account.
All bet365 offers are intended for recreational players and bet365 may in its sole discretion limit the eligibility of customers to participate in all or part of any promotion.
.