Six Championship clubs have told Sky Sports News that if there is no financial bailout forthcoming they fear for the survival of their club.
In a survey carried out by Sky Sports News, eight clubs also say they have, or will have to, make club staff redundant.
One club said: “Our survival is absolutely reliant on a financial support package, there is only so much longer we can continue like this.”
Another said: “We can survive in the short and medium term due to player trading and parachute payments but ultimately the club’s finances are fundamentally supported by the return of fans.
“Without that in the medium to long term our business model as a self-financed club no longer works.”
Eight Championship clubs also said they are losing between 15-40 per cent of their revenue due to the loss of matchday income while games continue to be played without fans. That figure is not including direct gate receipts.
The figures come as EFL clubs across all three divisions discussed proposals from top Premier League clubs for ‘Project Big Picture’, which would see radical changes to the game with a £250m bailout and a re-distribution of money to EFL clubs in the future.
‘Project Big Picture’ proposals
- Premier League reduced to 18 clubs
- No EFL Cup or Community Shield
- Special status for nine longest serving clubs – ‘Big Six’, Everton, West Ham, Southampton
- Only six of the nine longest-serving clubs need to vote for major change
- £250m immediate compensation for EFL
- Figure also represents coronavirus financial bail-out
- Club who finishes 16th in Premier League to replace sixth-placed Championship club in EFL play-offs
- Premier League to commit 25 per cent of future revenue to EFL
The EFL said there was “overwhelming support to discuss the proposals further”. The 20 Premier League clubs are holding a video meeting at 11am.
Two Championship clubs told Sky Sports News their survival was not dependant on a bailout and redundancies were not being considered, with a number also declining to comment.
Clubs are able to defer PAYE payments to HMRC until the end of this year and stadium rent can also be put on hold until January.
But one club official warned that it was “kicking the can further down the road and each time we kick it gets bigger”.
You can go to the pub. You can go to the theatre. So why can’t you watch your professional team in an open-air stadium?
Prime Minister Boris Johnson has postponed plans to partially open up stadiums across the country by up to six months, but socially-distanced audiences have remained able to return to indoor theatres, music and performance venues.
It has left sporting bodies deeply frustrated at what they believe is the Government’s inconsistent coronavirus-containment policy.
Culture Secretary Oliver Dowden will face questions from MPs on Wednesday, with many clubs warning they are on the brink of financial collapse unless turnstiles reopen or a bailout is agreed.
So is sport being harshly treated? Read more here.
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