Certainly Looks like we did. Source: The Sun It is estimated to be £11.8m in total, with insiders revealing the 'big three' will grab the majority of that figure. A vote among clubs opted to make it a gift rather than a loan, which is major help for Sunderland in particular as it would have complicated a possible takeover. Amazingly some of those smaller teams did not ask for extra and settled for the original £375,000 they all received. Accrington Stanley revealed that they have lost almost £700,000, ranking them at number 43 out of 48 in the bottom two divisions.
Its not the £375,000, its the gift part... nothing is for free with any organisation.. The second line regarding a "gift" that would interfere with the takeover is the important bit.
This is like the Christmas Day truce in the trenches. People who've had confirmation, from people they trust, can't understand why not everyone is happy ... ... people who are awaiting confirmation must think the happy people are mental
The is 3 different things to this money 1 - is the the 375000 2 - is the split of x amount of money between league 1 clubs worth between 12-15 million,what you get all depend on season ticket revenue, the 1 Nixon is talking about, no strings attached 3- is the Loan that has the restrictions
But it is free, doesn't need to be paid back. https://the72.co.uk/209918/sunderland-to-be-handed-seven-figure-efl-windfall-sum-is-a-gift/
what Magnus said. This is the discretionary second bit that was originally reported to be split based on gate receipts to cover lost revenue.
And 2-3pm passes and we’re no further forward. I’m going out soon so no doubt it’ll break when I’m out and about
First 2 points correct but I think the £375,000 for each club and the 2nd pot based on losses revenue has all been put into one pot and dished out based on losses revenue alone. the 3rd part was never a ‘loan’ it was still a grant but if you took that grant you would be monitored on your spending and have restrictions placed on wages and transfers. The original EFL press release clearly states it as a grant and never mentions it being paid back at any point. let’s remember this is Nixon in The Sun reporting this, no other outlets have mentioned it and it’s not on the EFL website. When @Southern Adam asked him for clarity on Twitter he gave his usual **** answer because he’s jumped the gun without knowing the full story.
Its not the loan which has transfer restrictions, its the money all clubs get based on losses of gate reciepts
Can't go down the pub tomorra for the traditional Xmas Eve piss up mate, I'm not happy about that I can tell ya!
Incorrect that mate. Money for lost income goes to every club with no ties. There is no loan facility but they can apply for a grant that comes with restrictions.
A grant is an award, usually financial, given by one entity (typically a company, foundation, or government) to an individual or a company to facilitate a goal or incentivize performance. Grants are essentially gifts that do not have to be paid back. EFL bailout has no mention of loans or any grants being paid back at any time.
