The Premier League will give clubs a percentage of this season’s merit payments as a cash advance, to help avoid cash flow problems during the coronavirus shutdown.
Sky Sports News report that each Premier League club will receive an advance to help with their cash flow during the current coronavirus shutdown. All 20 clubs agreed to get a percentage of their season’s merit payments early.
Given the lack of matchday income at the moment, this money will help clubs pay contractors, staff and so on.
As usual, these payments will vary based on league position. This isn’t great news for Arsenal, given the league ended with the Gunners having played one game less. If they’d won that game, they could’ve been sixth, but instead, they’re currently ninth.
At the same time, Arsenal are one of the clubs who probably aren’t in such desperate need of the extra cash. It will be the likes of Burnley benefitting the most from the help.
The remainder of the payment will come in at the end of the season, as usual. At least this should keep all the clubs in business and all their employees in work until then.