UEFA are close to finalising a £6billion rescue package to help European football recover from the financial impact of the coronavirus pandemic.

UEFA have devised a three-pronged strategy to help clubs who had to deal with a lack of supporters in stadiums in addition to falling broadcast revenue.

To combat the issue UEFA are proposing a funding facility of £1.7billion to £5.1billion.

In addition, there will be an emergency pot of money reserved to deal with future crises, while there will also be new rules on financial fair play.

Clubs will be able to access funds at lower borrowing rates, while they will also be able to restructure existing debt over longer periods of five to seven years.

Read more/Source: DailyMail