GOVERNMENT TO UNVEIL SPORTING RESCUE
- Updated: November 18, 2020
Basketball is set to learn the size of its government bailout on Thursday.
It is understood that a £300 million pot from the Treasury will employ different models for “professional†and “semi-pro†sports.
Basketball, which had to declare its loss of income due to playing behind closed doors, has been deigned to sit in the latter category.
Around a dozen sports, sources revealed, will be aided with mix of loans and grants dished out through Sport England after submitting financial figures to the Department of Digital, Culture, Media and Sport.
The British Basketball League, which relies almost entirely on its arena receipts, is thought to have asked for around £3 million to survive through to next summer while Basketball England has submitted a parallel request.
English Sports Minister Nigel Huddleston said: “I shall be making a Statement in the House of Commons tomorrow on financial support for the Sport Sector.”
The BBL is still pondering an investment offer from US-based 777 Partners worth £7 million.
But a number of clubs have linked their participation in the 2020-21 season directly to the funding from the public purse.
Related Posts
About Mark Woods
You must be logged in to post a comment Login