PARLIAMENTARY WRITTEN QUESTION
Sport Winter Survival Package: Football (15 November 2022)
Question Asked
To ask the Secretary of State for Digital, Culture, Media and Sport, what the repayment terms are for loans made to football clubs under the Sport Winter Survival package.
Asked by:
James Wild (Conservative)
Asked by:
James Wild (Conservative)
Answer
The Sport Survival Package operated a standard repayable loan facility on a 10-year term with a two-year holiday and repayments over eight years at an interest rate of 2%, with the ability to offer 20 year-terms with up to a four-year repayment holiday subject to the individual circumstances of the borrower.
We are unable to comment on individual cases given their commercial sensitivity. Disclosing sensitive financial information to the open market puts the clubs at a competitive disadvantage.
Answered by:
Stuart Andrew (Conservative)
23 November 2022
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