£500,000 parachute payment?

[GranthamPie]

It’s all starting to make sense now.

[pielover]

It’s all starting to make sense now.

Is it? Please explain because at last count I think we're over £8m in debt.

How does this half mill help?

[i961pie]

Is it? Please explain because at last count I think we're over £8m in debt.

How does this half mill help?

Should we refuse it then cos it isn't enough

[countygump]

Should we refuse it then cos it isn't enough

£500,000 parachute in your 1st year, £250,000 in your 2nd year and nowt from that point on.

[SmiffyPie]

Not sure how and when the £5000,000 would be made available but you would think it would not be accessible for someone to trouser?

[pielover]

Should we refuse it then cos it isn't enough

Eh? I was asking OP what made sense, what you on about?

[i961pie]

Eh? I was asking OP what made sense, what you on about?

You seemed to imply £500,000 was nothing because we are 8million in debt.

[GranthamPie]

Is it? Please explain because at last count I think we're over £8m in debt.

How does this half mill help?

Because we have a £200,000 HMRC bill to pay next month... and they will be paid... others may not.

[pielover]

Because we have a £200,000 HMRC bill to pay next month... and they will be paid... others may not.

Oh! WOW were in some trouble if there's no new owners with money (which looks v unlikely).

[bridpie78]

i think people are misunderstanding this parachute payment,
it isn't something extra we get because we went down,it is in lieu of the solidarity payment we would have received from the premier league for competing in league two next season the only thing it does for us is give us one extra year of league 2 money and a further year at 50% of the league 2 payment if we dont come straight back up, after that we are on our own
it isnt a relegation bonus someone can pocket