‘NOT AT ALL HAPPY’

CHAIRMAN BLASTS RESCUE PACKAGE

GRIMSBY Town chairman Philip Day has slammed the EFL for their handling of the rescue package agreed with the Premier League.

The two governing bodies finally agreed on a £250million bailout of the Football League on Thursday, with EFL chairman Rick Parry describing it as a “welcome, tangible commitment to the professional game at a time when it has needed it most”.

As part of the package, the EFL will be assisted in getting a £200million loan for Championship clubs, while League One and Two clubs - including the Mariners - will share a £50million grant.

The £50million will be split into two parts, with £30million being paid to the 48 clubs as a grant based on lost gate receipts, with League One clubs receiving a minimum of £375,000 while League Two clubs get a minimum of £250,000 - the remaining £15million will be distributed using a calculation of lost gate revenue share.

A further £20million will be issued as a monitored grant, with clubs able to apply based on their need - a joint Premier League and EFL panel will then decide on the club’s eligibility. Mr Day has strongly criticised the way in which the rescue package is being distributed, and has blasted the EFL for not consulting clubs before agreeing to the deal.

Asked how he felt about the rescue package, Mr Day told BBC Radio Humberside: “Not at all happy.

“First of all, the sum offered is split into two. There’s a £30million grant and a £20million monitored grant.