sport news Premier League 'offering grant of less than £50m' to bailout struggling EFL ...

Premier League 'offering grant of less than £50m' to bailout struggling lower league clubs... despite EFL claiming they need £250m to cover losses caused by the coronavirus pandemic Premier League reportedly prepared to offer £50m to EFL to assist financially Offer comes with another £100m provided as a loan with bank interests rates However, the EFL claims lower league clubs need £250m in total to cover losses 

By Dan Ripley for MailOnline

Published: 08:00 BST, 6 October 2020 | Updated: 08:41 BST, 6 October 2020

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The Premier League are reportedly only prepared to offer struggling lower league clubs £50m to help them with the fallout of the coronavirus pandemic - just one fifth of what the EFL claims they need.

Clubs below the Premier League have been left teetering following the financial damage caused by football's shutdown from back in March.

It left League One and Two unable to fully complete their respective campaigns, while along with Championship sides left them without crucial revenue in the form of matchday income provided by supporters inside the stadiums.

The Premier League are reportedly only offering a grant of less than £50m to  struggling EFL clubs. Above, Manchester United and Tottenham compete in the top flight on Sunday

The Premier League are reportedly only offering a grant of less than £50m to  struggling EFL clubs. Above, and Tottenham compete in the top flight on Sunday

According to The Times, the EFL says it needs up to £250 million to cover the losses since lockdown with the £50million offer from the Premier League also in conjunction with another sum of about £100 million as a loan with interest rates similar to those charged by banks.

The report also claimed that an agreement between the Premier League and the EFL looks a long way off.

The urgency of the bailout is being particularly felt among third and fourth tier teams who fear being able to pay wages beyond October, with Premier League chairmen having postponed a meeting to discuss the situation from today to next week.

Premier League have shown a growing resistance to helping out Championship sides. Above Brentford face off against Preston North End in the second tier

Premier League have shown a growing resistance to helping out Championship sides. Above Brentford face off against Preston North End in the second tier

Executives at Premier League clubs have shown growing annoyance over the situation. Many privately believe that funds should not be handed over until top-flight players agree to take pay cuts. 

One source explained: 'Lots of money goes into the

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