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Rescue Package

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GollyGTFC
November 16, 2020, 11:29am

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If it's based on the formula used for Solidarity payments the £50 will be split as follows...

23 League One clubs will get £1,428,571 each*
24 League Two clubs will get £714,286 each

*Sunderland don't receive solidarity payments as they are still receiving PL parachute payments.

If Sunderland received the the bail out it will be £1,388,889/£694,444.
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WayneBurnettsJockstrap
November 16, 2020, 12:28pm

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Quoted from GollyGTFC
24 League Two clubs will get £714,286 each




If that is correct then the grant would be for 40% of that amount which equates to about £285k which is not bad at all for not having to pay it back.

But accepting the full £714k, including the loan, will cost us over 140k in extra repayments if we banked the money and never touched it. The 285k grant used to repay loan means the remainder of the loan will need to be paid out of the £145k we have in the bank.
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The Yard Dog
November 16, 2020, 3:55pm
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Take what ever the free cash amounts too.
Most clubs will not give a stuff, about other clubs.
Look at the way the likes of Mansfield & Scunny behaved just before FFP came in.

UTMM
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