£150m bailout REJECTED by the EFL as Premier League's loan offer is derided as 'gun to the head'

The EFL have rejected the Premier League’s £150million rescue package because they do not accept the conditions attached to what is primarily a loan. Sportsmail can reveal the full details of the Premier League’s initial offer for the first time — a £40m grant and £110m loan contingent on the lower divisions giving top-flight clubs control of the calendar, their spending levels and post-Brexit work-permit arrangements, as well as scrapping the League Cup and accepting there will be no promotion from the Championship in the event of curtailment unless 75 per cent of fixtures have been completed. We’d be giving the Premier League complete control of the calendar, our competitions and spending, in return for a loan most clubs cannot afford to repay anyway.’ The EFL have been seeking a bailout from the Premier League to help them cope with the Covid-19 crisis since May, when Culture Secretary Oliver Dowden made such a rescue package a condition of the Government supporting Project Restart, the resumption of last season after lockdown. Offer from Premier League - led by chief Richard Masters - was derided as a ‘gun to the head’ STATEMENT FROM FANS’ GROUPS OF THE BIG SIX Manchester United Supporters’ Trust join fans of Arsenal, Manchester City, Liverpool, Spurs, and Chelsea to oppose Project Big Picture. ‘However, 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, I discontinued my involvement and counselled a more consensus-based approach involving all Premier League clubs.Our game needs to continually seek to improve, but benefits need to be shared.’ Fans’ groups came out in opposition to Project Big Picture on Tuesday with the Football Supporters’ Association describing it as a ‘sugar-coated cyanide pill’.