Efl announces release of 50m short term relief fund to aid clubs amid coronavirus pandemic

The English Football League (EFL) has announced the release of a £50 million short-term relief fund to aid clubs affected by the COVID-19 pandemic.

The fund, which is part of the EFL's efforts to support its member clubs during the ongoing crisis, will provide financial assistance to clubs that are struggling to meet their financial obligations due to the pandemic.

The £50 million fund is in addition to the £200 million rescue package announced by the UK government in May, which provided financial support to clubs in the top four divisions of English football.

The EFL's relief fund will be distributed to clubs based on their financial needs, with the aim of helping them to stay afloat during the pandemic. The fund will also be used to support clubs that are facing financial difficulties due to the cancellation of matches and other revenue streams.

The EFL's announcement comes as many clubs in the lower divisions of English football are facing significant financial challenges due to the pandemic. The cancellation of matches and the loss of revenue from ticket sales, sponsorships, and other sources has put a strain on many clubs' finances, and some are at risk of going out of business.

The EFL's relief fund is seen as a vital lifeline for many clubs, and is expected to help them to stay afloat until the pandemic passes and normality returns to the football world.

In a statement, the EFL said: "The EFL is committed to supporting its member clubs during this challenging period, and we are pleased to announce the release of a £50 million short-term relief fund to aid clubs affected by the COVID-19 pandemic.

"The fund will provide financial assistance to clubs that are struggling to meet their financial obligations due to the pandemic, and will be distributed based on their financial needs.

"We understand the significant challenges that many clubs are facing, and we are committed to doing everything we can to support them during this difficult time."

The EFL's announcement has been welcomed by many clubs and fans, who are relieved that the league is taking steps to support its member clubs during the pandemic.

In a statement, the League Managers Association (LMA) said: "The EFL's announcement of a £50 million short-term relief fund is a welcome development for many clubs and managers who are facing significant financial challenges due to the pandemic.

"We are grateful for the EFL's commitment to supporting its member clubs during this difficult period, and we hope that this fund will provide the necessary support to help clubs to stay afloat until the pandemic passes."

The EFL's relief fund is the latest in a series of measures aimed at supporting clubs affected by the pandemic. The league has also announced a range of other initiatives, including a £10 million loan fund and a £5 million grant scheme, to help clubs to stay afloat during the crisis.