The Premier League has today announced additional funding for clubs in EFL League One and Two, in a move welcomed by Wanderers' Chairman Sharon Brittan.
The Premier League has committed to a further £20 million for League One and Two clubs in the 2021/22 season, along with £5 million to National League and National League North and South clubs between now and 2025 to help with their continued recovery from the COVID-19 pandemic.
The new funding is part of the additional £100 million of investment the Premier League has committed to over the next four years to provide security and continuity to lower-league clubs, and help develop the game.
It forms part of the commitments to the Government following the Exclusion Order relating to the three-year renewal of the Premier League’s UK live and non-live broadcast deal with Sky Sports, BT Sport, Amazon Prime Video and BBC Sport.
Sharon Brittan said: "When I became Chairman in August 2019, my aim was to make Bolton Wanderers financially sustainable so that our supporters and the community of Bolton would have a club with an exciting future ahead.
"The impact of the COVID-19 pandemic adversely affected the income streams for many clubs, particularly in League One and League Two.
"Therefore, this extra funding from the Premier League will help many of the EFL clubs and, as a consequence, benefit the communities they represent.
"Here at the University of Bolton Stadium, this injection of additional revenue will allow us to move towards our ultimate goal of being a financially sustainable business while achieving success on the pitch."
Richard Masters, Premier League Chief Executive, said: “We are delighted to be able to provide additional support to EFL and National League clubs at a time when the whole of football is looking to return to normality.
“This builds on our long-standing support for football at all levels and is part of additional funding we will provide to the wider pyramid and communities following the Government’s approval to renew our UK broadcast arrangements.
“We look forward to working with our football partners to provide more important financial assistance in areas where it is truly needed, which will continue to make a difference to those clubs impacted significantly by COVID-19.”
Sports Minister Nigel Huddleston said: “We took action earlier this year to secure the financial position of the Premier League by freezing the broadcasting rights to help weather the storm caused by the pandemic.
“It’s great to see the Premier League delivering on its £100 million commitment to support the wider football family with an initial £25 million down payment for this season for clubs in League One and Two and the National League.
“The Premier League has an important role to play in supporting the game beyond the top tier and this investment will have a positive impact in local communities, help grow the women's game and help unearth the next generation of talent.”
The new funding of £100 million will cover five key areas: support for the National League system; developing the women’s and girls’ game; enhancing community football facilities; supporting EFL clubs; and projects that help the wider game.