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Premier League and EFL agree £250m rescue package

The Premier League and English Football League (EFL) have agreed a £250 million ($337 million) rescue package to help clubs overcome the financial challenges of the coronavirus pandemic.

Championship clubs will have access to a £200m ($269m) pool of interest-free loan funds, while a £50m ($67m) grant will be made available for those in League One and Two.

Loans to second-tier clubs will be capped at £8.33m ($11.2m) and would have to be repaid by June 2024.

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Richard Masters, Premier League Chief Executive, said: "The Premier League is a huge supporter of the football pyramid and is well aware of the important role clubs play in their communities.