Premier league parachute payment!

[JacquesNoir]

How much is it? For how many seasons?

Just preparing myself in case my AFC Telford go down.

Thanks

 

[inky#22]

Could someone explain Parachute payment? :$

 

[Lloyd is Fat]

It's £48,000,000 over four years. So that's £12,000,000 a year until you get promoted again...

 

[JacquesNoir]

Parachute payment is paid to the club that gets relegated from the premier league. It helps the club with the over heads they may have incurred, going from 40m TV revenue to 2.9m could be quite a shock to the system.

If the team goes straight back up the money is even dispersed between the other clubs in the league, this maybe called Premier League solidarity or something I believe,

And thanks for answer that question. My wage bill has gone to 12m per year so it will cover it nicely.

I think the key is not to get relegated tho