The following statement has been issued by the National League, not by Yeovil Town F.C:
The National League Board is delighted to receive news from the Premier League of fresh Covid Impact Funding to assist all our member Clubs.
This additional funding forms part of the Exclusion Order agreement with Government relating to the three-year renewal of the Premier League’s UK live and non-live broadcast rights.
The League will receive an additional £5m funding over the next four seasons; with £2m this season in recognition of the extra pressure on Clubs due to the pandemic with an additional £1m for each of the following 3 seasons. This is totally new funding and as stated, arises from the agreement referred to in the previous paragraph.
The National League Board has met to consider the immediate distribution of this additional £2m funding and decided that this should be divided as 50% to Step 1 and 50% to Step 2.
National League Chairman Jack Pearce said: “The National League has been in regular discussion with the Premier League and other football organisations to discuss funding throughout the game. This latest announcement is brilliant news for National League clubs for which we, as a Competition, are extremely grateful.
“We welcome this new funding which comes after the Premier League assisted with the provision of valuable financial support during the pandemic that was crucial to the livelihood of clubs. The impact of COVID-19 was particularly severe at our level of the game and this new commitment is a timely boost which will aid clubs in their recovery and enable them to plan for the future.”
The NL Board are extremely grateful to our Chairman Jack Pearce for his assistance with the decision makers to obtain much need support for our members club