Bristol news EFL chairman calls for 'unfair' Premier League parachute payments to end MetiNews.Com
MetiNews.Com - Clubs returning to the Championship from the top tier currently receive a large sum of money after dropping down
Breaking News ! English Football League chairman Rick Parry has called for Premier League parachute payments to be dropped, and for money from the top tier to be shared around more. At present, teams relegated from the Premier League are supported by huge payments from the increased TV revenue in an effort to make the drop back down easier for them. Huddersfield Town, Cardiff City and Fulham will have all received payments after dropping out of the top tier last season, while West Brom, Stoke City and Swansea City are also eligible after being relegated previously. Read More Related Articles Nottingham Forest v Bristol City: Streaming details, kick-off, referee, match odds and injury news Bristol City are among nine clubs in the Championship who have not received a parachute payment over the last 10 years, which have left them at a significant financial disadvantage. Championship clubs also receive around £100m in solidarity payments from the Premier League, although the parachute payments offer much more for clubs. And EFL chairman Parry is keen to see those payments dropped, and wants money from the Premier League to be spread around more rather than being lavished on a few clubs. “Parachute payments are divisive,” Parry said in an interview with The Times. “We have six clubs in the Championship who between them are receiving around £226 million in parachute payments (this season) and then the other 18 clubs receiving £81 million between them. “It is not an equitable split.
. I definitely think they should go.
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“The parachute payment addresses the symptom but not the problem. Why are they helping clubs who are dropping out of the Premier League? “They are helping them because there is a chasm. Why don’t we address the chasm? Then we wouldn’t need the parachute payments.
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“If you look a couple of seasons ago, you had Leeds United receiving around £4 million in TV money and Huddersfield who were in the Premier League, albeit briefly, receiving £100 million. How can that be right? “For the benefit of clubs in the Premier League and in the Championship we need to get rid of the cliff edge. We need to narrow the gap between the two.”
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