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Premier League To Bale Out League Clubs!
By: Bill Osborne
Date: 20/10/2002
THE FA and the Premier League have agreed to bale out the clubs in the Football League with a £10m to £15m injection of funds to the cash strapped clubs. The funds will be made as gifts and loans with first division clubs getting £300,000 to £500,000.
A Premier League spokesman said: 'We are currently sitting down with the FA and the Government and looking at a range of options to deliver real practical help to those Football League clubs which have been hit hardest by the ITV Digital collapse. There's a tremendous willingness on the part of the Premier League to help.'
It is also possible that there will be a move to introduce a form of wage capping in the Football League in an effort to prevent a recurrence of the current financial crisis the League clubs are in due to the ITV Digital disaster.
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