Clubs query new parachute payments
DERBY County and other Championship clubs have asked the Football League to come up with a range of options on parachute payments after expressing concern that clubs relegated from the Premier League will have too great a financial advantage.
The concerns were expressed at a meeting of the 24 second-tier clubs yesterday after they were presented with the Premier League's proposals for parachute payments to be £23m for the first year after relegation.
Clubs in the Championship not receiving parachute payments would get only £2.3m.
The increase in parachute payments from £16m is because of the rise in the Premier League's TV rights from 2013-16 – and it effectively decides on the level it pays.
The proposals is for relegated clubs to receive £23m in the first year, £18m in the second and £9m in years three and four. It would mean a possible total of £59m over four years compared with the maximum now of £48m.