Rescue package a fiasco
interest free loan, while a £ 50m grant has been agreed for those in League One and Two.
But Knight criticised the delay in agreeing the deal and branded it a “fiasco” – and wants the Government to look into how the Premier League, EFL and FA govern the game.
Knight, who is chairman of the Digital, Culture, Media & Sport Committee, said: “This fiasco is evidence of a lack of accountability within football’s governance structure.
“It cannot be right that in the middle of a pandemic the Government has been drawn into sorting out wrangles at the top of the game.
“This fiasco is evidence of a lack of accountability within football’s governance structure, demonstrating the need for a review.”
EFL chairman Rick Parry welcomed the rescue package and said he was confident it would help save dozens of lower league clubs from going bankrupt.
He said: “I am pleased that we have now reached a resolution on behalf of our clubs.
“I would like to thank Richard Masters and Gary Hoffman for their efforts on behalf of the Premier League, and of course their shareholders, for making this welcome, tangible commitment to the professional game at a time when it has needed it most.”
Premier League chief executive Masters had faced mounting pressure from the Government to reach an agreement with the EFL as clubs headed towards financial oblivion.
Masters said: “Our commitment is that no EFL club needs to go out of business due to Covid- 19.
“We are very pleased to have reached this agreement and we stand together with the EFL in our commitment to protect all clubs in these unprecedented times.”