NOW Eredivisie Club support drops to € 11 million NOW
The eighteen Eredivisie clubs received a total of 11 million euros in wage subsidies from the Dutch government between October and December last year. This came out on Monday from the UWV register for the third period of the support program.
The amount is almost 50 percent lower than the provisional € 20 million that the Eredivisie clubs received in the second NOW period (June to September 2020). In the first period (March, April, May) this was 25 million.
One reason for the difference could be that the allowance has been reduced from a maximum of 90 percent of wage costs to a maximum of 80 percent.
NOW stands for Emergency Measure Bridging Employment. Under this system, companies can get government compensation to pay their employees when they lose at least twenty percent of their sales. Professional football clubs are also eligible for this program.
In the third period, Ajax received the highest advance of any Eredivisie club (2,893,161 euros), followed by Feyenoord (1,282,677 euros) and PSV (860,604 euros). In the previous period, the PSV received the highest advance with 2.5 million.
Ajax repaid the advance they received because they did not claim any support, including the transfer of Sergino Dest to FC Barcelona (18 million euros) last summer.