League One and Two clubs applying for additional funding from the Premier League will be limited to free transfers during next month’s window, under the terms of the £250million bailout finalised yesterday.
The lower-league clubs will also be restricted to paying fees of just £20,000 and £10,000 respectively for the whole of the 2021-22 season.
As revealed by MailOnline, a support package including a commitment to help secure a £200m loan for the Championship — and up to £50m in grants for League One and Two — has been agreed between the Premier League and EFL.