It's completely inaccurate, it's not a loan (that was only in the Championship), it's a grant, all details are up on the EFL website... Support for Clubs in League One and League Two The relief package will provide a combined fund of £50million for League One and League Two Clubs, with £30million to be paid to all 48 Clubs as a grant and a further £20million available on application as a ‘monitored grant’. Details are as follows: A £30million grant to be paid immediately from the Premier League to EFL Clubs for distribution based on lost gate receipts in respect of the 2019/20 and 2020/21 Season. Each Club will receive a minimum payment of £375,000 in League One and £250,000 in League Two. The remaining £15m to be distributed using a lost gate revenue share calculation, which will be approved by both the EFL and the Premier League. In addition, a further £20m ‘Monitored Grant’ is to be provided with Clubs able to apply for it based on ‘need’, with a joint EFL and Premier League panel to determine Club eligibility. Clubs subsequently in receipt of a ‘monitored grant’ will be subject to certain restrictions, in respect to transfer spend and player wages. Clubs who keep to the restrictions will not have to repay any of the funding required, whereas for Clubs in breach, the ‘monitored grant’ becomes repayable by the Club. Any Club in receipt of a grant or monitored grant payment will be required to continue to maintain compliance with the EFL’s financial regulations.
So (and forgive my ignorance), usually grants don’t need to be paid back. So how would we get out of it? Do we give the grant back to the EFL to get out of it?
'Clubs who keep to the restrictions will not have to repay any of the funding required, whereas for Clubs in breach, the ‘monitored grant’ becomes repayable by the Club'.
we're shor tof a centre back Which means we will never actually pay a fee for anyone coming into the club during his tenure??
There's a limit on how long we can't pay fees, I don't know what it is, but I doubt it will go beyond this season.
A fee was agreed for slater earlier on in the window and personal terms agreed, the only reason it didn't happen was there incoming manager blocked it
I wasn't too sure if the grant would have to be paid back with the agreement happening before the embargo, thanks for clearing this up.
I get the need for financial prudence, cutting your cloth, etc etc. No issue. But reading more about the grant, seems like at best it means yet another manager of ours having to fight with 1 hand tied behind his back. I'm sure the Allams didn't need the money to ensure the survival of the club, but when they saw the chance of interest free, or maybe even totally free money they grabbed it with little care about the impact it clearly has on taking the club forward.
Okay, so as long as we don't breach it, we don't have to give anything back. So then, how does the "embargo" get lifted? Is there an income based cut off that allows us to operate in the transfer market normally again? Sorry, I just really can't get my head around this, I've had about 3 hours sleep in three days because my daughter is unwell so everything feels a bit underwater at the moment. I don't want you thinking I'm being facetious (me? never) .
Sorry if this has been mentioned elsewhere. I read it’s because we’re only aloud a squad of 24 players classed as, “professional,” which means anyone who’s played a game for us. Berry made his debut last year in the Championship. Even players going out on loan, like Flores, are still part of our squad. https://www.hulldailymail.co.uk/sport/football/transfer-news/efl-transfer-embargo-hull-city-5658112
