Yeovil Town FC received a loan of £689,538 from Sport England after an agreement on 12 February 2021.
The loan was given to Yeovil Football & Athletic Club Ltd and was created as a legal charge on the club on 17 March 2021.
In Scott Priestnall’s most recent update to supporters 110 days ago, he confirmed the club had been offered a loan which would help them see the season through.
We asked YTFC the following:
Can the club confirm the accuracy of the figure?
What it has been used for?
How long it will take to repay it?
What is the plan to repay it?
In response to our questions, the club gave us this statement: “Similarly to football clubs across the National League, we have taken the SE (Sport England) loan to replace the lost revenue from this season.”
This information was received after we put in a Freedom of Information request to Sport England last month.