Port Vale set for talks with fellow clubs about furlough options



Port Vale are reviewing all their options as they consider whether to place players and staff on furlough.

Crewe have taken that step, confirming today that players and staff have been placed on the government’s scheme which pays 80 per cent of an employee’s wages up to £2,500 a month.

Vale chief executive Colin Garlick said his club is in talks with other League One and Two clubs and is keen to act collectively while the season is suspended because of the coronavirus crisis.

He says League One and Two clubs are set to discuss their options in meetings on Wednesday and Thursday. 

He said: “We want to stay as a collective and I think it’s important to do that. That’s really what we are at and we are trying to do what is best for our business.

“We are fully aware of furlough and yes we have had a lot of discussions about it internally. I think we are all learning about it as we go.

“I understand what Crewe have done and I know other clubs have done the same. We just want to see if anything comes out of these discussions this week.”

League One club Sunderland have also said today they are placing players and staff on furlough leave.

Sunderland say they will cover the rest so all employees are paid in full.

Portsmouth and Coventry have also revealed they are applying for the government scheme, but are topping up those 80 per cent payments to keep staff on full pay.

The issues facing League Two clubs were explained by Port Vale owner Carol Shanahan in an interview with the Sentinel.

She said that, because most of the income for clubs at this level comes from matchdays, then suspending the season is bound to cause financial issues for clubs.  

League Two clubs could receive early payments from the Premier League to help them while the season is suspended.

The Premier League has voted to release £125m to the EFL and the National League. However, Garlick has warned that, while the idea could help some clubs with cash flow problems, advancing payments that would normally have been received later in the year isn’t a long-term solution.

In the case of Vale and other League Two clubs, they would normally receive £225,000 from the Premier League in ‘solidarity payments’ in August and again in January 2021.

For all your latest Port Vale news and analysis, click here





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *