Premier League clubs to receive millions of pounds in advanced payments
Premier League clubs will receive millions of pounds in advanced payments related to league positioning and television fees in an effort to ease their cash-flow problems, BBC Sport reports.
The 20 clubs agreed to the funding to cope with the lack of income because of the coronavirus crisis, with payments expected to be in the region of £20m.
The partial release of "merit payments" is prize money that clubs would have received, while "facility fees" relate to how many matches each club had shown on live TV matches.
Clubs will also receive part of their funding for next season in the summer months.
Premier League football has been postponed indefinitely because of the spread of the coronavirus.
There will need to be adjustments made to these payments at the end of the season based on what the final table looks like.