Football clubs in the Championship and lower leagues have been offered emergency loans from the EFL in a desperate bid to 'stop them going bust', after failure to agree a rescue package with the Premier League or Government.
Sportsmail has learned that the EFL has written to all its members to give them the opportunity to apply for a loan from the £50million pot.
It comes after the EFL clubs turned down an offer of £50m from the Premier League a week ago, which included £20m in grant funding, to help clubs that have been pushed to the brink by the Covid-19 pandemic.