Bailout Agreed

My understanding is the bulk is interest free loans to be paid back by 2024.

Might be controversial, but I don't see Currys bailing out the small local electrical retailer.

Quoted from pontoonlew

Let's hope we spend it wisely but knowing our owners it'll not be spent at all and we'll still be blaming Covid in 2023

The money will be already allocated to paying current playing contracts until the end of the season. No spare cash left over.

My first impression was one of League One and League Two clubs being undervalued in their importance to the football pyramid and general countrywide social well-being, and a little underwhelmed by the deal too. Expected probably double what we'll end up receiving, which would have been around a seasonsworth of gate receipt shortfall rather than around 50% of it.. Better than nothing I guess but still way short of what the extra funds we should receive from an equitable TV money share out anyway.. We have to be on completely on our arsse to get an extra 400k while Premier League clubs spend over a billion in one transfer window?

Phillip day extremely unhappy with it.
https://www.bbc.co.uk/sounds/play/p090fgw2

Quoted from BobbyCummingsTackle

I think you're backing up my point!!

Correct

Quoted from Hagrid

Phillip day extremely unhappy with it.
https://www.bbc.co.uk/sounds/play/p090fgw2

I don't blame him EFL member  it up again.

Stevenage Scunts and the like to get most of the cash.

Quoted from Hagrid

Phillip day extremely unhappy with it.
https://www.bbc.co.uk/sounds/play/p090fgw2

Day says at the end that the EFL haven’t told them how they’ve come up with the figure so I’m not sure how he can straight up come out and say it’s a bad deal straight away?

Clubs will have to apply for the extra money, we’ll be able to as well. I’m sure if we demonstrate further loss of earnings we’ll be fine.

Seems a bit perverse if we were to lose out specifically if we are judged to not be in need I.e  because we turned a profit last season and took mitigating factors like covid clauses this season while others did not.

So I do get what he is saying. Guess its just another example of the gamble we've taken with these classes not coming off.

Quoted from Swansea_Mariner

Seems a bit perverse if we were to lose out specifically if we are judged to not be in need I.e  because we turned a profit last season and took mitigating factors like covid clauses this season while others did not.

So I do get what he is saying. Guess its just another example of the gamble we've taken with these classes not coming off.

Perhaps we shouldn’t brag about paying off loans? We might be financially well run but football is played on grass not in the boardroom.

Quoted from Swansea_Mariner

Seems a bit perverse if we were to lose out specifically if we are judged to not be in need I.e  because we turned a profit last season and took mitigating factors like covid clauses this season while others did not.

So I do get what he is saying. Guess its just another example of the gamble we've taken with these classes not coming off.

Literally no other club planned for no football apart from us and we’ve lost out massively because of it.

We lost Vernam, we came back late to keep our players on furlough for a bit longer, we lost out on players and we built a shite squad on the cheap.

Yet another poor judgement from Day, they’re stacking up.

Haha, Philip Day unhappy about not being consulted........irony .......you know how it feels to be a supporter now.......didnt see the board too unhappy with the EFL back when they were on an EFL jolly in Portugal voting in the tinpot league without consulting the supporters trust board member and just agreeing a deal.

Alright just complaining about other not so well run clubs (obviously thats the entire 91 other teams as we are the best run club ever) benefitting by being able to demonstrate a need but whose fault is that ??  YOURS, .. as chairman you have steered us down the austerity route, ran us on the bare bones....YOUR decision.
Dont start whining because other clubs gambled/ had the vision/ realised that the situation would become untenable for most clubs and a rescue package would be inevitable as the country wouldnt allow half of the football pyramid to just disappear overnight.