sport news Premier League reject's EFL's request for a share of Fulham's £34million ...

Premier League snub EFL's plea for a share of Fulham's £34m parachute money to distribute to the lower divisions in another blow to cash-strapped clubs Premier League rejected EFL's request for a share of Fulham's parachute money  Fulham's second-year payment of £34m was defaulted back to Premier League   EFL wanted to keep that as part of a rescue package demanded by Government 

By Matt Hughes For The Daily Mail

Published: 22:30 BST, 10 September 2020 | Updated: 19:05 BST, 11 September 2020

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The Premier League have rejected a request from the EFL for a share of Fulham's parachute money to distribute to the lower divisions in another blow to cash-strapped clubs.

Under the terms of the parachute payment system introduced in 2006, Fulham's second-year payment of £34million automatically defaulted back to the Premier League following their promotion in July after one season in the Championship, leaving the elite clubs with an unexpected windfall.

Sportsmail has learned that the EFL wanted that pot as part of a rescue package that has been demanded by Government, a request that is yet to be granted. As it stands, that money will instead be shared by the 20 Premier League clubs.

The Premier League rejected a request from the EFL for a share of Fulham’s parachute money

The Premier League rejected a request from the EFL for a share of Fulham's parachute money

Culture Secretary Oliver Dowden made it clear in June that the Government's endorsement of Project Restart that allowed last season to be finished was contingent on the Premier League providing financial support for the rest of the football pyramid, but three months later there is no sign of a bailout being agreed.

The Football League season kicks off on Friday evening with the Championship clash between Watford and Middlesbrough, before a full programme of fixtures takes place this weekend in League One and League Two — competitions which were curtailed last season because the clubs were unable to afford the Covid-19 testing programme demanded by the Government.

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