By Mike Keegan For Mailonline
Published: 19:09 BST, 15 October 2020 | Updated: 19:42 BST, 15 October 2020
The EFL have rejected the Premier League's offer of a £50million bailout, after clubs were warned that as many as 10 teams from Leagues One and Two could go bust before Christmas.
A series of divisional calls were made on Thursday, which saw clubs from Championship, League One and Two tell the EFL board that they will decline any help which excludes any of its members.
The Premier League's offer only promised grants and interest-free loans for those in Leagues One and Two, while alienating those in England's second-tier.
The EFL has rejected the Premier League's proposal to help with a £50million bailout
The Premier League's proposal only promises grants and loans for League One and Two sides
'A plan for the EFL has to be for the whole of the EFL and that was reflected on the call,' an official at one second tier club explained.
'I think there was a realisation that the £250m that (EFL chairman) Rick Parry had spoken about was unrealistic, but the view was that there was no merit in taking the first offer - it would only weaken the position not only with the Premier League but also with the government.'
A statement from the EFL released on Thursday evening read: 'EFL clubs have today met by division to discuss the conditional offer put forward yesterday by the Premier League in respect to the financial support required as a result of the COVID-19 pandemic.
'The need for continued unity across the membership base was fundamental to discussions across all three divisions, and therefore there was a strong consensus that any rescue package must meet the requirements of all 72 clubs before it can be considered in full.
'The League has been very clear in its discussions of the financial requirements needed to address lost gate receipts in 2019/20 and 2020/21, and while EFL clubs are