League One and Two clubs will receive a salary cap proposal on Monday.

PA Sport reports cubs in the English Football League are looking at a £200m financial hole by the end of September as a consequence of the suspension of the league due to the coronavirus pandemic, according to the competition's chairman Rick Parry.

Moves to implement cost controls have been led by a working group, and the group is about to distribute proposals to clubs over what the caps should be.

Parry told the Digital, Culture, Media and Sport committee last week that a salary cap and other cost control measures were “absolutely essential".