Nottingham Forest and other Championship clubs looking for changes
NOTTINGHAM Forest and the 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 today after they were presented with the Premier League's proposals for parachute payments to be £23million for the first year after relegation.
Clubs in the Championship not receiving parachute payments would get just £2.3million.
The outcome of today's meeting was inconclusive, with the Football League board asked to come up with a range of options and to continue discussions with the Premier League, club sources confirmed.
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The increase in parachute payments from £16million 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 Football League clubs were informed of the proposed rises in a letter from chairman Greg Clarke.
The proposal is for relegated clubs to receive £23million in the first year, £18million in the second and £9million in years three and four. It would mean a possible total of £59million over four years compared to the maximum now of £48million.
The new offer of solidarity payments for League One clubs are for £360,000 and £240,000 a 6.6 per cent and 5.4 per cent rise respectively.
7 Comments
by RichieW
Thursday, March 21 2013, 6:40PM
“I have stressed the urgency of winning promotion previously and the artical above highlights the potential gulf between teams relegated from the top flight and championship clubs who are trying to break into it.
How can you compete when they're getting 23 million and most championship clubs are getting just 2 million ?
Its a farce and will destroy the championship !
Failure should not be rewarded !”
by flipflopper
Wednesday, March 20 2013, 10:58PM
“Sorry chaps but when I made these comments, this was not the article that you see above. It was just 2 -3 lines saying that they will have some news tomorrow. That is what my complaint was about.”
by Mickeydrippin
Wednesday, March 20 2013, 9:35PM
“Hey flipflopper - would you rather not hear about how YOUR league is being run. Maybe you'd be happy if you didn't know where YOUR money was going.”
by Robbie_Nudd
Wednesday, March 20 2013, 8:11PM
“A golden opportunity for the Football League to cascade more money to the lower divisions to close the massive disparity between the Championship and Leagues One and Two (£2.3m - £360k - £240k). Which no doubt they'll ignore. #shortsighted”
by ToneToneTone
Wednesday, March 20 2013, 7:28PM
“one word Ridiculous”
by derkaiser
Wednesday, March 20 2013, 6:51PM
“Two words: unfair, farce.”
by flipflopper
Wednesday, March 20 2013, 6:44PM
“Well done NEP, this is a truly riveting article. If this is the best you can do, I wouldn't bother. This is just as interesting; tomorrow I will be getting out of bed, will be up all day, and then will go back to bed. Wowee!
C'mon NEP we need better stuff than an advert for the next day's article.”