Re the EPL advancing money;
From the Daily Mail article, the EPL say that what is being proposed in an advance of what they would normally have expected to receive in August - so it is either (1) the first installament of next season's TV money ( in the unlikely event they stay up ), or (2) the first year's parachute payment ( when they go down ). It should not alter the court's view of whether they are trading insolvently, as that will surely be based on their cashflow between September and today. ( As mister Micawber put it "Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery." ).
It would also mean that, in the unlikely event they survive, they start next season in the CCC without the cushion of the parachute payment.