Premier League agrees £372m deal with League Clubs

[Tony Currie]

From the BBC website -

"Parachute payments for clubs relegated from the top flight will rise from £32m over two years to £48m over four years.

The move comes after League clubs voted to introduce rule changes relating to financial regulation, transparency of ownership and ground criteria.

Leeds, who are run by Ken Bates but have not said who owns the club, will have to publish names of their owners.

Premier League chief Richard Scudamore said the extra revenue would make a "huge difference" to Football League clubs.

"More importantly it will make planning for the future that much easier," he added.

The deal distributes some of the income generated by the Premier League to the smaller clubs - £2.2m per Championship club, £335,000 per League 1 club and £225,000 per League 2 club."



This strikes me as unfair on two levels.

1) Firstly the parachute payments will be £12 million a year compare to the rest of the Championship's £2.2 million - no one coming down should fail to get promoted on that differential!

2) Championship clubs get £2.2 million, League 1 clubs £335,000. Another huge difference - poor Wednesday

 

[sheffielder]

1) Firstly the parachute payments will be £12 million a year compare to the rest of the Championship's £2.2 million - no one coming down should fail to get promoted on that differential!

Don't they get 12 million already. Didn't we when we get relegated? I just think with the new rule of 4 years of 12 mill clubs who come down can hold their nerve a bit longer. over a 3 years stint you could have roughly 10 clubs in the championship with a 12 million bumper payment in one season alone. The devide will come in a few years time

 

[Balham]

1) Firstly the parachute payments will be £12 million a year compare to the rest of the Championship's £2.2 million - no one coming down should fail to get promoted on that differential!

Don't they get 12 million already. Didn't we when we get relegated? I just think with the new rule of 4 years of 12 mill clubs who come down can hold their nerve a bit longer. over a 3 years stint you could have roughly 10 clubs in the championship with a 12 million bumper payment in one season alone. The devide will come in a few years time

It could be argued that this is the first step to a breakaway Premier League 2.