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Post by buzzhatter on Jul 8, 2020 14:48:19 GMT
I’ve heard that we should get a parachute payment if we are relegated, of around £750k. Can anyone confirm?
Though I guess we’ve already borrowed against it to get us through the last 4 months.
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Post by bms on Jul 8, 2020 21:00:04 GMT
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Post by proudhattersince74 on Jul 9, 2020 11:49:14 GMT
There are supposed to be parachute payments between Championship and L1 BUT, I read somewhere that this may be under pressure due to the TV companies demanding refunds for matches not being played at specific times.
We know Sky/BT have demanded c£300m refund due to Covid-19 disruption and that, in turn, affects the 'support' (taken in its broadest meaning) afforded to the EFL clubs by way of dribble-down payments. IIRC, the PL payments were akin to a ransom note that enabled the PL clubs to simply walk in and poach any up and coming academy players for a pittance. If the EFL clubs didn't agree to that deal then the EFL clubs wouldn't get the PL's 'generosity'.
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