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Parachute Payments
The Day Before
Birmingham City go into tomorrow’s game knowing that a single point from their final game at the Reebok could be enough to keep them up – and also that they could win and still find themselves relegated if other results go against them.
Tags: Lee Clark, Nikola Zigic, Parachute Payments
Posted in Birmingham City, Talking Points | 46 Comments »
Football League Considering Drastic Measures Over Parachute Payments
Championship clubs met yesterday to discuss radical proposals in light of improved parachute payments to relegated Premier League clubs next year. Thanks to a windfall of £5.5bn in TV rights relegated clubs will be given a payment of £59mil over a four year period, a 22% increase on the current deal. The new deal will supposedly see clubs receiving £23mil in the first season, £18mil in the second and then £9mil in the two years after it, whilst the “solidarity payment” paid to other clubs in the Championship would increase by just 5%.
Tags: Money, Parachute Payments, Premier League, The Championship
Posted in Birmingham City, Finances in Football | 46 Comments »