Below are the details of the Premier League’s financial package for EFL clubs. Argyle will get (or have already got) £375,000 plus a share of £15m based on lost gate receipts. This is shared between all EFL clubs including hose in the Championship so may be more of a five figure sum.
The monitored grant is more based on need and as Simon Hallett has already confirmed that he has paid a large but final sum into the Club (£3.5m I think) into the Club it is likely we may not qualify for that grant in front of over Clubs in greater need without the same level of resources. On that basis we should be free to conduct any transfer business as the budget allows for without restriction.
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.
