The Premier League will loan £20million ($25.2m) to women’s football’s ‘NewCo’ after Women’s Super League and Championship clubs approved a deal earlier this week.
Premier League chief executive Richard Masters told a government committee last month that his organisation’s clubs had agreed a loan to NewCo, which only needed to be ratified.
The Premier League’s loan to NewCo would likely be interest-free and only repayable when it reaches £100m in annual revenue.
NewCo is the independent company set up to run professional women’s football — the WSL and Championship — in England, which has been overseen by the FA since those leagues took their current format in 2010. The Premier League, meanwhile, was launched as a corporation, separate from the FA, at the beginning of the 1992-93 campaign in order to maximise revenues.
Nikki Doucet, who was appointed NewCo chief executive in November, declined to comment when asked last month about possible financial assistance from the Premier League but did say that her company will be a “stand-alone, revenue-generating for profit, independent entity with a 100 per cent dedicated professional management team that wakes up every single day thinking about this project, fanbase, clubs and how we are going to grow this”.
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 to women’s football’s ‘NewCo’ after Women’s Super League and Championship clubs approved a deal earlier this week. Premier League chief executive Richard Masters told a government committee last month that his organisation’s clubs had agreed a loan to NewCo, which only needed to be ratified. The Premier League’s loan to NewCo would likely be interest-free and only repayable when it reaches £100m in annual revenue. NewCo is the independent company set up to run professional women’s football — the WSL and Championship — in...){kind=link}