£11m from the Goverment
#21

This seems to be make or break regarding whether the seasson can continue.

When the initial payment was awarded was there prospect that the covid thing would be behind us and we'd be allowed crowds then? Surely we need to be optimistic that the vaccines will put us in a better position by the time the season ends?

And if all they can offer is a loan then there's very little hope of clubs being able to pay it back Sad

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#22

Problem is Neil the vaccine won't roll out fully until Autumn and that's by the government's own figures.
Over 50s by end of March the rest follow on later.
I would be very surprised if fans are anywhere near grounds before April. I hope I am wrong.
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#23

Presumably that's only the first shot, the next one is 12 weeks later, so if end of march, that's june
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#24

Quite why fans were allowed back in the first place I don't know. Not saying we didn't do it safely, but other clubs didn't and given it was taken away very quickly was it really worth it? I think we are looking at April at best for fans and probably later than that.

I wonder now if the clubs are wishing they had put more pressure on the league to make sure something was in place for the whole season before the season started.

Alex do you think this could be a possible season ending situation if it isn't sorted?
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#25

Umm ...I fear we'll be offered the money as a loan and clubs I think will refuse it ... some then might have to forfeit the season ... But ... I hope I'm wrong!

AP
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#26

What terms to pay the loan back then? Makes the clubs look bad, "look, we did our bit but you refused help"!

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#27

Heritage & Arts institutions were given/offered bespoke loans with a 4yr initial repayment holiday, low interest rates and a 20yr repayment term.
e.g. £150k (£30k for 5months) repayable over 16yrs at 3.5% is ~£200k. So just over £1k / month.
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#28

(14-01-2021, 08:43 PM)Neil Wrote:  What terms to pay the loan back then? Makes the clubs look bad, "look, we did our bit but you refused help"!

But loans aren't much of a help really as they need to be paid back by clubs who are struggling anyway. Football clubs aren't really a normal business so shouldn't really be treated as such.
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#29

I agree with Darran ... when we are told that the season won't start without fans ... then to be told ... it won't start without grants and supports ... for clubs to engage all there contracts ... as we had a clause in all ours that would have meant we incurred zero costs ... to then contract all the staff etc and start the season with £10m between 3 leagues, when we were told it was £20m ... this really isn't the league/ gov/ FA helping us ... it's them promising x and giving us, not even z or y ...

I would rather get relegated then go bust or bring in debt.

AP
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#30

The goalposts have definitely moved a fair few times.
I agree that it seems extremely unfair that clubs are basically being forced to take on a loan and therefore debt which in a normal season they wouldn’t have wanted/needed.
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