Premier League clubs will receive an advance of millions of pounds each to assist their cash flow during the coronavirus pandemic, Sky Sports News has confirmed.
The Times reported all 20 clubs reached an agreement last Friday to receive a percentage of ‘merit payments’ in advance.
The Premier League has agreed to advance part of the money owed to clubs at the end of the season and will vary depending on their current league position.
The advance payment is to assist clubs during a period of no income, including matchday revenue, due to the indefinite suspension of football.
It has not been disclosed how much each club will receive, and a further payment will be made at the end of the season.
Clubs are expected to hold their next shareholders meeting later next week, after three conference calls in three weeks.
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