Two out of the three sides that were relegated last season already promoted and the third is in the play offs.
Explain to me how £90 million In parachute payments for failure creates a level playing field?
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Two out of the three sides that were relegated last season already promoted and the third is in the play offs.
Explain to me how £90 million In parachute payments for failure creates a level playing field?
It doesn'tQuote:
Originally Posted by Scum-Triumphant
It never has
It never will
IMO IF they have to be paid it should be put into the hands of a third party administrator who ensures they are only used for existing contracts and commitments and not into the hands of the clubs to be made available for new transfers/contracts but ideally they should be scrapped
Norwich City have done very well out of parachute payments, the club knew if they did not return
back to the premier league straight away, they had the payments to cover them.
The finance that goes into Norwich's coffers, there will be sponsorship money, plus having a full
stadium, when fans allowed in the ground, brings money into the club.
I did a posting showing all championship club owners.
Norwich City showed -
The owners Delia Smith & her husband Michael Wynn Jones, put £2m into the club on the 4th September 2008.
The clubs accounts for the last 3 years running, show a outstanding loan of £250,000, which is owed to
Delia Smith & her husband Michael Wynn Jones.
So a club that is well run, but with help of the parachute money.
Well suppose if you look at it another way,the fact they have gone back up means the rest of money they now won’t get is distributed to rest of the EFL clubs of which if we stay up we get more than if we went down...
Still wrong though. It actually shows how well we are doing.
It rewards badly run clubs for failure while smaller clubs get points deductions for the same thing.
I've never agreed with parachute payments, never will.
Originally it was to compensate for loss of TV money not to fund players wages.
One or two clubs like Wigan have made a balls up with their parachute payment but if it is sensibly managed their is no way other clubs in the champ can compete. I expect the blunts to have a good chance of returning. In saying that Wilder going will not help them.
I assumed it allowed the promoted clubs a bit of confidence to go out and get a few expensive players to allow them to compete a bit better.
The parachute payments were to ease the burden if they got relegated and were left with a few players on high salaries.
This might allow them to transcend the gulf between the two divisions
This worked for some clubs (Burnley), and some it didn't (SUFC)
EFL to ask for a share of £83m of the parachute payments, after Norwich & Watford promoted back to the premiership.