Major flying clubs in cash-strapped Scotland have been frozen from a government funding package to provide assistance for spectator sport to survive. Corona Virus Full closure.
On Thursday the first minister Nicola Sturgeon Plans have been announced to hand over more than £ 55m in emergency cash to save football, rugby, basketball, netball, motorsports, horse racing and ice hockey – totaling £ 30m of this money earmarked for the National Game.
But Prime minister Clubs will be given access to only £ 20m in loans that will be set at a commercial interest rate, in place of the 12-month interest-free Covid deals delivered by the UK government across the border.
The remaining 10 million pounds will be shared in grants to clubs championshipThe first and second league, in addition to the High and Plains Leagues and the Women’s Game.
But that’s £ 5 million less than the £ 15 million grants to be pledged in Scottish rugby, with the SRU also being granted access to another £ 5 million emergency loans.
Sports Record It is understood that the Hollywood show is scheduled to be discussed next week at a meeting of 42 SPFL clubs. They have been eagerly awaiting news of the funding package for more than two months since Sports Minister Joe Fitzpatrick first confirmed that the bailout was on the way as a result of Barnett’s formula arrangement with Westminster.
But the announcement is unlikely to be good among the top 12 clubs in the country who are already facing massive financial losses after being forced to keep their turnstiles closed since the pandemic first surfaced in March – and who have to cover twice the costs. Weekly testing in order to comply with government orders.
The Prime Minister said: “The devastating impact of the pandemic on the sports practiced by spectators across the country, particularly when many sports clubs in Scotland receive a large portion of their income by spectators attending the events.
“I can confirm that we will be providing a £ 55million support package for the various spectator sports. This will include grants and loans.
“It will include £ 30m for Scottish football with support for all levels of the game. It should be noted that top English football for men has not received financial support of this kind from the UK government.
“I can assure you that Scottish rugby will benefit from £ 20m and will also include funding for basketball, netball, motorsports, horse racing and ice hockey.
“This support package, on the whole, will be much larger than Barnett’s results as a result of the investment announced by the UK government last month.”
In November, the government was warned by Sportscotland that the sector had lost around 100 million pounds since March when restrictions were imposed on the Coronavirus.
The announcement comes after Aberdeen club president Dave Cormack warned that a number of clubs could face bankruptcy before the end of the current campaign if the fan ban continues.
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