- Bailout needed because of delay to return of fans
- Matchday revenue crucial to survival of clubs
The government is drawing up an urgent rescue package for up to eight sports after being warned that numerous clubs were staring down the barrel of financial ruin due to it indefinitely pausing the return of crowds to stadiums.
Football, cricket, rugby union and racing are among those expected to be offered help following a meeting with the culture secretary Oliver Dowden this afternoon. However Dowden also made it clear to financially stable sporting bodies, such as the Premier League, they must also do their bit by also helping teams lower down the pyramid.
Written by Exclusive by Sean Ingle, Ben Fisher, Robert Kitson and Aaron Bower
This news first appeared on https://www.theguardian.com/sport/2020/sep/22/government-to-act-to-help-elite-sports-clubs-facing-financial-ruin under the title “UK government ready to rescue up to eight sports facing financial black hole”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.