The Premier League has announced that it will advance £125m to EFL and National League clubs, while a £20m donation has also been made to the NHS.
The league confirmed the news following a video conference call on Friday, where there was also an acknowledgement that it is unlikely football will resume in May and will only restart when it is safe to do so, in line with government advice.
In a statement, the Premier League said: “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.”
They would go on to announce that they have also made significant funds available to the National Health Service during the current COVID-19 pandemic.