To the rescue: EFL approves £50m short-term fund to help clubs with impact of coronavirus outbreak
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To the rescue: EFL approves £50m short-term fund to help clubs with impact of coronavirus outbreak

The EFL has outlined its plans of assisting clubs in dealing with the impact of the Coronavirus, and has approved a £50m fund for the same.

The association has also indicated that their primary objective is to ensure the remainder of the season is played out as scheduled.

This comes after all the matches were postponed once again to at least until April 30th, with the spread yet to be fully contained.

"The EFL is continuing regular dialogue with the government and relevant health authorities and, as and when more information is known regarding the scale and extent of the coronavirus outbreak in this country, a decision will be taken on the resumption of the Leagues fixtures," the league said in a statement on Thursday.

"Measures are to be put in place to immediately assist with cash flow via a £50m short-term relief package," it said.

"This fund consists of the remaining Basic Award payments being advanced to clubs immediately, with the remainder made up through interest-free loan facility available to clubs, calculated in line with the EFLs Article of Associations.

Meanwhile, the EFL Trophy final, which was scheduled for April 5th at Wembley between Portsmouth and Salford City has also been postponed.