1. Log in now to remove adverts - no adverts at all to registered members!

We're in the money !

Discussion in 'Gillingham' started by alwaysright, Dec 3, 2020.

  1. alwaysright

    alwaysright @ Very Angry Camel

    Joined:
    Jul 4, 2011
    Messages:
    9,002
    Likes Received:
    2,764
    #1
    grumpygit and brb like this.
  2. The Gills PegLeg

    The Gills PegLeg Up yer Harris

    Joined:
    Jun 25, 2012
    Messages:
    2,593
    Likes Received:
    1,358
    Official communication from EFL can be found here with a further breakdown of costs:

    https://www.efl.com/news/2020/december/efl-and-premier-league-statement-rescue-package-agreed

    We will get £375,000 straight off the bat with no strings attached. Further revenue will then be supplied to us using a gate reciept loss calculator devised. We then have the option of applying for a further "monitored grant" which has some strings attached but I'm sure our chairman could abide to. The strings mainly revolve around transfer fees and going above a certain cap. Considering our player wage budget is some £8-900,000 below the salary cap, I can't see that being an issue.
     
    #2
  3. brb

    brb CR250

    Joined:
    Nov 20, 2013
    Messages:
    64,574
    Likes Received:
    60,626
    #3
    grumpygit likes this.
  4. gioblues

    gioblues Well-Known Member

    Joined:
    May 6, 2011
    Messages:
    2,763
    Likes Received:
    1,117
    A big help but we normally need extra 500 k to balance the books. !!
     
    #4

Share This Page