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Parachute payments under review as Premier League 'Big Six' fear funds are being pocketed rather than invested

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Parachute payments under review as Premier League 'Big Six' fear funds are being pocketed rather than invested

Post  Silvers on 2017-05-01, 10:38 am

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The amount of parachute payments given to clubs relegated from the Premier League is under review amidst concerns that the system is being misused.
The ‘Big Six’ clubs are questioning whether payments of up to £90million for relegated sides is encouraging them to pocket the money rather than invest in their squads to stay up. 


Informal discussions are expected to take place when chief executives meet at a Premier League shareholders meeting on Thursday.






Parachute payments were introduced to safeguard clubs who dropped into the second tier having spent heavily on transfer fees and wages.
 Amounts have risen rapidly in the last decade from £32m to the £91m earmarked over three years for clubs who are relegated.
But there is increasing disquiet that the parachute payments are not encouraging clubs to invest in players to make the Premier League more competitive. 
Hull are being cited as an example, selling Jake Livermore and Robert Snodgrass in January to record an overall transfer profit of £7.7m since winning promotion. 






he departure of Jake Livermore has seen Hull make an overall profit of £7.7m since promotion



Other clubs have been mentioned as ‘playing the system’ and not investing the payments. 
In 2010-11, Blackpool spent only £3.5m on new players when they moved up to the Premier League. 
Getting rid of parachute payments is unlikely but there may be a revised deal to ensure clubs who invest in their squads are better protected than those who do not.




Blackpool spent just £3.5million when they were promoted to the Premier League in 2010

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Re: Parachute payments under review as Premier League 'Big Six' fear funds are being pocketed rather than invested

Post  Silvers on 2017-05-01, 10:39 am

So, £30m a year for 3 years...

Mr Short... you brought it on yourself....
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Re: Parachute payments under review as Premier League 'Big Six' fear funds are being pocketed rather than invested

Post  Silvers on 2017-05-01, 10:46 am

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2015 figures

Submitted by WG on Thu, 12/02/2015 - 09:46
Once the overseas deals have been completed, total Premier League broadcasting revenue is expected to exceed £8 billion.   As a result, Championship clubs not receiving parachute payments can expect to receive about £5 million per season in solidarity payments, more than double the present £2.3 million.
With average turnover for clubs in the Championship of about £15 million, the £5 million represents a large proportion of income.   They get about £2 million from their own television deal.   Whether the clubs will regard this as enough is unlikely.
Parachute payments are currently £59m over four years, but would leap to more than £80m.   This will further distort competition in the Championship which has diluted its financial fair play rules.   One implication could be that, like the Premier League, the Championship will be effectively split into a promotion league, a mid-table league and a relegation league.
From 2016 payments to lower league clubs are to be based on a formula that sets payments based on the central share for each Premier League club from broadcast revenues.    League One clubs would receive £750,000 (up from £360,000) and League Two sides £500,000 (up from £240,000).
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Re: Parachute payments under review as Premier League 'Big Six' fear funds are being pocketed rather than invested

Post  talcnturnip on 2017-05-01, 10:58 am

That says to me that the so called big six want more money nothing to do with lesser teams coming up then just going through the motions, again money comes into play.

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Re: Parachute payments under review as Premier League 'Big Six' fear funds are being pocketed rather than invested

Post  barrowmackem on 2017-05-01, 11:08 am

If a team ultimately fails to invest in players then that's their prerogative and if they then get relegated those payments will stop eventually. They get promotion cash in its up to them. They have earned the right to spend or not spend. Big six keep your sneck out.

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