SPFL clubs will be able to cash in on new plans brought in by the UK government as teams look for additional sources of income.
The suspension of football in Scotland, now until the end of April at least, has some clubs looking at financial hardship as the Covid-19 pandemic takes its toll. Hearts have already cut wages by 50% across the board in a bid to save precious funds.
More clubs are set to follow suit but radical plans announced yesterday by chancellor Rishi Sunak could go a way to helping ease the financial burden some clubs will take on during this testing time.
Sunak’s plans include paying 80% of wages for those earning up to £2,500 per month. A Premiership club has confirmed to NTOF that SPFL members are entitled to opt into this multi-billion pound package, although it won’t cover players wages at several full-time clubs.
It can go towards paying officer workers, youth players, cleaners and other departments clubs have. This move has been brought in to keep many in employment opposed to people being laid off in their numbers.
These wages relate to gross pay and will be backdated until the end of March. Initially lasting for three months, Sunak says that the scheme will run longer if required. It is expected to make its first payments within weeks.
This is a big boost for clubs as financial strain looks to take its toll during this ongoing pandemic. It’s another cash injection on top of the SFA fund clubs received recently.
£1.5 million was freed up instantly by the SFA this week to help clubs through this initial financial period. Clubs have received their payments already as the Scottish football hiatus looks set to last for months.