Gillingham Football Club will receive financial aid from the Premier League after a long-awaited rescue package was agreed.

Discussions between the Premier League and the EFL over a bailout were concluded on Thursday and will see a total of £50m paid to teams in League 1 and 2.

The Gills will receive a minimum payment of £375,000 with additional funds being distributed on a ‘lost gate revenue share calculation.’

In addition, Gillingham will look to receive funds from a £20m ‘monitored grant’ package which is to be provided for clubs in need. A joint EFL and Premier League panel will determine eligibility.

Clubs who are in receipt of a monitored grant will be subject to restrictions on transfer spending and player wages. Clubs who keep to the restrictions will not have to repay any of the additional money.

Clubs in the Football League have been desperate for financial support since action resumed without fans. On top of those grants for League 1 and 2, the Premier League have also agreed to provide a £200m loan facility for Championship clubs.

The deal was approved by the EFL board, acting on behalf of the member clubs, and chairman Rick Parry said: “Our over-arching aim throughout this process has been to ensure that all EFL clubs survive the financial impact of the pandemic.

“I am pleased that we have now reached a resolution on behalf of our clubs and as we have maintained throughout this will provide much needed support and clarity following months of uncertainty.”

While some clubs such as Charlton Athletic have been able to welcome fans back this week, Gillingham are still playing without much-needed matchday revenue as clubs in tier three areas are unable to have fans in attendance.

Clubs in tier two areas can have up to 2,000 fans watching. Medway is currently experiencing growing Covid-19 cases and is on the very high alert level. The government say they will look again at local restrictions in mid-December.

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