Ipswich Town to receive £1.8m EFL ticket grant as part of rescue package from Premier League
- Credit: Steve Waller
Ipswich Town are set to receive a grant of around £1.8million as part of the Premier League’s rescue package to the EFL.
A pot of £30million, part of an overall £50million package agreed for Leagues One and Two earlier this month, aims to cover lost ticketing revenue from both the cancelled games at the end of 2019/20 and throughout a 2020/21 season played largely behind-closed-doors.
It’s been distributed on a pro-rata basis with Sunderland understood to be the third-tier club receiving the largest figure from the fund, at £2.7m, based on an average attendance at the Stadium of Light of around 30,000 last season. Portsmouth are next in line, with Ipswich the club to receive the third-largest pay-out based on their ticketing losses.
Ipswich are understood to be working on figures of a £6million loss, due in part to refunds given on last season’s tickets, the fact they have not been able to sell any matchday tickets to any of the 15 games they have hosted at Portman Road so far this season and the real prospect of behind-closed-doors games in the future. The grant money will cover around a third of that.
Ipswich and Suffolk are now entering Tier 4 of the government’s coronavirus restrictions, meaning all games must be played behind-closed-doors until further notice after two matches were played in front of 2,000 fans while the town was in Tier 2.
The club have previously projected potential losses of around £10million should the entire campaign be played behind-closed-doors or with heavily limited spectator numbers, with both the £6million figure and the grant money received only relating to ticket sales. The remaining £4million is linked to revenue from the club shop, non match-day operations at Portman Road, food and drink, hospitality and other income streams.
Town were boosted in the summer when around 9,000 season ticket holders renewed for the 2020/21 campaign, despite the ever-looming prospect of behind-closed-doors football and, while there have been a small number of cancellations along the way, the club are heartened by how many supporters have continued to pay via direct debit.
They are set to look at potential ways of further compensating supporters who have paid for season tickets but have been unable to attend Portman Road.
A club spokesman said: “Compensation for season ticket holders is to be discussed in the new year when we have a framework of whether supporters will return to watching games over the rest of this season and in what numbers.”
The receipt of this grant money will not lead to any restriction on the Blues’ transfer business but, should clubs request further money from a second pot of funding which is also being made available, they could be barred from paying transfer fees and could potentially see their salary cap spend limited over the course of several transfer windows.
- 1 A12 closed following serious collision
- 2 Why have ITFC's American owners issued £18m of new shares?
- 3 Man taken to hospital after 40ft container drops on lorry cab
- 4 'Nothing surprises me anymore' - Judge on Town departure
- 5 A blow for Cook as trusted assistant Richardson gets full-time Wigan job
- 6 Husband pays tribute to 'soulmate' and mum-of-four after cancer death
- 7 Car SOS to feature family who lost father and son
- 8 French pop-up restaurant owner unveils new seaside hotel plan
- 9 31 miserable stats which sum up a largely miserable Ipswich Town season
- 10 Missing person from Braintree has been found