Sheffield Wednesday and others told not to expect imminent financial help from Premier League

Watch more of our videos on ShotsTV.com 
and on Freeview 262 or Freely 565
Visit Shots! now
The Premier League will not step in to fill a £200m black hole growing in the Championship anytime soon.

That’s according to the division’s chief executive Richard Masters, who has warned any financial assistance will have to wait until the top tier have their plans for the 2020/21 season ironed out.

This week the Premier League announced their blueprint for its return, with all matches televised and played behind closed doors, with fixtures starting on June 17.

Hide Ad
Hide Ad

The Championship remains in limbo. All clubs including Sheffield Wednesday have nine matches remaining and an imminent decision appears to have been delayed after the EFL announced a further meeting ahead of a club vote on the next steps.

Clubs are expected to vote for the season to continue, though it has been warned that the season will have to be completed by the end of July.

All the while Football League clubs are losing money, with EFL chairman Rick Parry warning the Championship alone faces a £200m shortfall by September.

Responding to questions about how and whether the Premier League should step in to assist the second tier, Masters said: “Let me explain, at the moment we are dealing with our own financial situation.

Hide Ad
Hide Ad

"Until we have been able to get back playing, until we have a clear plan to start the season in 2021, we are dealing with our situations.

Sheffield Wednesday's Hillsborough has sat vacant for three months.Sheffield Wednesday's Hillsborough has sat vacant for three months.
Sheffield Wednesday's Hillsborough has sat vacant for three months. | Getty Images

“At the moment, we have made good all of our solidarity payments to the pyramid for 2019/20 and we have forwarded a big chunk of next year’s revenue forward and we are committed to completing that.

“But I think what we have to get ourselves into is a situation where we are sure of the Premier League’s financial situation at a time where clubs are suffering significant revenue losses before we return to that topic.”

He added: “At the moment, the best thing we can do is to get back playing because that is what we can focus on.

Hide Ad
Hide Ad

“What we need to ensure is that we know our financial situation before we get to that topic.”

READ MORE:

An important message:

In order for us to continue to provide high quality and trusted local news, please consider a subscription to The Star by going to thestar.co.uk/subscriptions.

The coronavirus lockdown is having a major impact on many of our local advertisers - and consequently the advertising that we receive. That means we are more reliant than ever on you helping us to provide you with news and information.

Our journalists are highly trained and our content is independently regulated by IPSO to some of the most rigorous standards in the world. But being your eyes and ears comes at a price. So we need your support more than ever to buy our newspapers and subscribe to our website during this crisis.

Stay safe and take care. Thank you, Alex.

News you can trust since 1887
Follow us
©National World Publishing Ltd. All rights reserved.Cookie SettingsTerms and ConditionsPrivacy notice