When you examine this part of the article, it really brings home to you how little the PL pay out to the EFL, especially the further down the leagues you’re in!
“Excluding teams which are in receipt of parachute payments, each Championship club receives £4.8m this season, while those in League One and League Two get £720,000 and £480,000 respectively.
Millwall‘s pre-tax loss is, on average, £12M per year! Take away the £4.8M a year given to us by the PL, that still leaves a deficit of £7.2M to find every season! Even with this new additional £25M added (which will be spread over all the EFL clubs), the percentage improvement for us in the Championship is not going to make even the smallest dent in the remaining £7.2M deficit we still owe!
This additional £25M yearly amount has only been agreed by the PL because the EFL club owners (and our very own Steve Kavanagh) have kicked up a massive stink about the current £95M not being a high enough amount! If the PL really want to help, they should find out what the yearly pre-tax losses are of every club in the EFL, and pay all those debts off!
Yes, it would amount to a helluva lot more money than the extra £25M on offer, but it would save clubs going bankrupt/forced into administration (or worse, clubs going out of existence as Bury did), and forcing them to sell their best players (usually to the Premier clubs), for a pittance, just to keep all the lights on, as well as making sure the players, staff and management are paid, to support themselves or their families!
With the amount of money sloshing around the PL clubs nowadays, it would be the very least they could do to help out clubs less fortunate than theirs!
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