Full statement from Premier League Shareholders after Friday’s pivotal meeting – 4 key points
The 20 Premier League Shareholders (clubs) have met via video conferencing on Friday.
Following the meeting a statement has been released this (Friday) afternoon, that full statement is reproduced below.
Amongst the topics discussed were the potential season restart, a donation to the NHS, helping EFL and National League clubs with cashflow, plus Premier League players taking a partial pay cut and deferral of wages.
The key points can maybe be summed up as:
The clubs confirming that they accept there will be no matches as soon as early May and rather than give a new date, have instead left it open as for the foreseeable there won’t be any games.
Every club is to ask their players to agree to accept only 70% of their normal pay, with the 30% a combination of a pay cut and deferred (delayed) wages.
A total of £125m will be ‘advanced’ to EFL and National League clubs to help with cashflow. This appears to be simply money that they were due anyway but brought forward, rather than being in any way a donation.
The Premier League are donating £20m to the NHS and other good causes, so it appears to be £1m per club (from future cash they would have received from central PL funds).
Official Premier League ‘Shareholders’ Statement:
At a meeting of Premier League Shareholders today, clubs discussed in detail how to respond to the COVID-19 global pandemic.
First and foremost, it was reaffirmed that the overriding priority is to aid the health and wellbeing of the nation and our communities, including players, coaches, managers, club staff and supporters.
It was acknowledged that the Premier League will not resume at the beginning of May – and that the 2019/20 season will only return when it is safe and appropriate to do so.
The restart date is under constant review with all stakeholders, as the impact of the COVID-19 pandemic develops and we work together through this very challenging time.
The Premier League is working closely with the whole of professional football in this country, as well as with the Government, public agencies and other relevant stakeholders to ensure the game achieves a collaborative solution.
With this, there is a combined objective for all remaining domestic league and cup matches to be played, enabling us to maintain the integrity of each competition.
However, any return to play will only be with the full support of the Government and when medical guidance allows.
The sporting and financial implications for Premier League clubs as well as for The FA, EFL and National League were considered at today’s meeting.
In the face of substantial and continuing losses for the 2019/20 season since the suspension of matches began, and to protect employment throughout the professional game, Premier League clubs unanimously agreed to consult their players regarding a combination of conditional reductions and deferrals amounting to 30 per cent of total annual remuneration.
This guidance will be kept under constant review as circumstances change.
The League will be in regular contact with the PFA, and the union and the LMA will join a meeting which will be held tomorrow between the League, players and club representatives.
Solidarity with clubs below PL
Discussions also took place regarding financial relief for clubs in the short term and while there is no single solution, measures are to be put in place to immediately deal with the impact of falling cash flow.
Critically, the League unanimously voted to advance funds of £125 million to the EFL and National League as it is aware of the severe difficulties clubs throughout the football pyramid are suffering at this time.
Further to that assistance, the League remains committed to supporting the National Health Service, its staff and helping people in communities, not least those who are most vulnerable.
The League, clubs, players and managers express huge appreciation for the heroic efforts of NHS staff and all other key workers who are carrying out critical jobs in such difficult circumstances.
In consultation with the Department for Digital, Culture, Media and Sport, the Premier League is immediately committing £20 million to support the NHS, communities, families and vulnerable groups during the COVID-19 pandemic.
This includes a direct financial contribution to the NHS and funds to enable clubs to refocus their efforts and develop significant outreach programmes to help communities, including those most in need.
This funding will enable both immediate and longer-term support during the crisis.
Clubs supporting communities
In response to COVID-19, Premier League clubs have been supporting tens of thousands of people in their communities each and every day through targeted activity including donations to foodbanks, telephone calls to the elderly, food parcels delivered to the vulnerable and a wide range of free resources to support wellbeing and education.
Many Premier League clubs are also working closely with their local NHS Trusts to provide valuable support through the provision of resources, volunteers and facilities.
Now, more than ever, clubs are playing a vital role to support the wellbeing of those in their communities and alleviate pressure on critical health services.
Promoting public health messages
Working closely with the Department of Health and Social Care, Public Health England and the NHS, the wide reach and appeal of the Premier League and our clubs will continue to be used to promote important public health messaging throughout this crisis.
The Premier League would like to reiterate that the thoughts of all our clubs are with all those directly affected by COVID-19.
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