Scottish Premiership clubs are set to be given interest-free loans from the government to help deal with Covid-19.
The SFA have agreed a deal to see £1.6million loans paid to clubs which will not have to be paid back for 20 years. The emergency package is likely to come at a good time for some clubs who have been left cash-strapped by the pandemic.
We told recently how Kilmarnock asked the government for a hand-out as owner Billy Bowie revealed they expected a "seven-figure deficit which would need covered. Other clubs have also been forced to furlough staff while the likes of Dundee United asked players and staff to take pay cuts to help ease the cash issues.
READ MORE: Scottish FA welcome £55million sport bailout from Scottish Government
SFA chief executive Ian Maxwell is reported to have made contact with cabinet secretary for finance, Kate Forbes, and distributed news on the outcome of these discussions to Premiership clubs since.
Championship clubs have also previously been told they are entitled to government grants.
We told back in December how Scottish FA welcomed a £55million cash fund made available to Scottish sport following an announcement by First Minister Nicola Sturgeon.
Premiership clubs were told they would have access to £20million worth of loans, while grants totalling £10million were earmarked for the clubs at all over levels, including women’s football.
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