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Premier League 'can't give blank cheque' to lower-league clubs, says CEO Richard Masters
FirstpostPremier League is in negotiations with the EFL over a financial package to ensure no sides go out of business due to the coronavirus pandemic, though an agreement has yet to be reached. London: Premier League chief executive Richard Masters said on Tuesday there could be no “blank cheque” to bail out the English Football League despite the financial crisis engulfing clubs. “The Premier League has engaged and wants to seek resolution but there can’t be a blank cheque or an underwriting of losses,” Masters told lawmakers on the House of Commons Digital, Culture, Media and Sport committee. We have yet to reach an agreement with Rick but I am confident we can do that.” Masters said the Premier League could make money available immediately to ensure clubs “don’t suffer distress or get to the point of administration”. “We would very much like to come to a deal with the Premier League.” Masters confirmed the Premier League would be “changing direction” away from the controversial decision to broadcast several games behind an additional paywall.
History of this topic
Revealed: The TEN Premier League clubs who shot down the new £900m EFL deal... with top flight teams considering legal action if forced to pay the 'unpalatable' and 'unworkable' settlement
Daily Mail
The Premier League’s ‘new deal for football’ and what it means for the EFL
New York Times
Premier League clubs agree to negotiate improved finance deal with EFL
The Independent
Premier League and EFL still to commission advice over parachute payment row
The IndependentPremier League won't write blank cheque for EFL clubs, says Masters
The HinduPremier League, EFL to face panel over lack of COVID-19 rescue package
The Hindu)
Premier League, EFL to Face Panel Over Lack of Coronavirus Rescue Package
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