Parachute Payments

[DHClaret]

Do you still get the year 2 & 3 instalments if you go straight back up ? Asking for a friend

[Devils_Advocate]

Nope it goes to the Championship club who's ground is nearest to the promoted teams ground so for us it would be Blackburn providing their dont go up with us

[Tricky Trevor]

Nope it goes to the Championship club who's ground is nearest to the promoted teams ground so for us it would be Blackburn providing their dont go up with us

Naughty.

[Tricky Trevor]

No but we get the PL squillions. So we’ll cope.

[claretburns]

You don't receive payments if promoted.

It is outlined as follows:

"Based on the recent figures, that is said to be worth around £40m ($50m) in the first year, £35m ($43.7m) in the second and £15m ($18.7m) in the third." They would be our payments if we did not get promoted in the next 3 years. However it is looking likely that we'll be promoted this year so we won't receive the first payment of £40m (which is paid in the first summer after relegation) and this £40m will be shared among this season's Premier League teams.

[Goalposts]

Nope it goes to the Championship club who's ground is nearest to the promoted teams ground so for us it would be Blackburn providing their dont go up with us

That was amended this year so its the nearest league ground now, so big windfall for Accy Stanley..

[NewClaret]

Do you still get the year 2 & 3 instalments if you go straight back up ? Asking for a friend

No you get premier league cash instead - much more

[DHClaret]

No you get premier league cash instead - much more

So more like Helicopter payments

[DHClaret]

No you get premier league cash instead - much more

So more like Helicopter payments

[Chester Perry]

Established practice is for unclaimed Parachute Payments to go back into the pot for centralised distribution to the 20 Premier League teams, distributed on an equal share basis, that is 1/20th to each member of the Premier League in the season it is to be claimed.

This has bee one of the main issues for the EFL in their fight for more monies they argue that the money should all go to the EFL for distribution because that is where it was already allocated - the greedy six are ok with this as it is a small sum relative to them and would impact the 14 more - so it has been a prominent feature for the Premier Leagues 'New Deal' plan. Nothing has been formerly agreed and signed off though and it appears there are movers on the IReF front which may usurp any such agreement

[Bosscat]

Nope it goes to the Championship club who's ground is nearest to the promoted teams ground so for us it would be Blackburn providing their dont go up with us

Oi you know access to the Ward Laptop is forbidden when Nurse Ratched is on a fag break

[Royboyclaret]

Established practice is for unclaimed Parachute Payments to go back into the pot for centralised distribution to the 20 Premier League teams, distributed on an equal share basis, that is 1/20th to each member of the Premier League in the season it is to be claimed.

This has bee one of the main issues for the EFL in their fight for more monies they argue that the money should all go to the EFL for distribution because that is where it was already allocated - the greedy six are ok with this as it is a small sum relative to them and would impact the 14 more - so it has been a prominent feature for the Premier Leagues 'New Deal' plan. Nothing has been formerly agreed and signed off though and it appears there are movers on the IReF front which may usurp any such agreement

That post takes me back a few years, Chester......the original days of the Magic Money Tree.......Simply the best.......Apologies I've had more than a few malt whiskies after that win today.

[Chester Perry]

That post takes me back a few years, Chester......the original days of the Magic Money Tree.......Simply the best.......Apologies I've had more than a few malt whiskies after that win today.

If we cannot enjoy times like these life would be truly grim - all the best Roy

[Royboyclaret]

If we cannot enjoy times like these life would be truly grim - all the best Roy

Cheers, bud.....Can't tell you how much I miss contributing to your brilliant thread......but, that's life, aggi and yourself continue to do a great job.......Many thanks.

[Claretforever]

You don't receive payments if promoted.

It is outlined as follows:

"Based on the recent figures, that is said to be worth around £40m ($50m) in the first year, £35m ($43.7m) in the second and £15m ($18.7m) in the third." They would be our payments if we did not get promoted in the next 3 years. However it is looking likely that we'll be promoted this year so we won't receive the first payment of £40m (which is paid in the first summer after relegation) and this £40m will be shared among this season's Premier League teams.

What makes you think we won’t receive any payments whatsoever? That would be totally bonkers.

Normally TV payments, and I assumed solidarity payments which the EFL get too so that clubs can plan and spend, are paid in two instalments - August and January. I thought it was three (August, January and May from something Kilby said in 2009, but can’t find it), but a recent Coyle podcast confirmed it was at least August and January. It was where he was talking about delaying player bonuses.

Why would the parachute payments not be the same so that clubs can plan and manage the income drop?

And if we were promoted why wouldn’t we get the first year where we haven’t received any Premier League money? That doesn’t seem quite correct?

I understood and believed it was the remaining parachute payments not paid out (years two and three) which went back into the pot.

[RVclaret]

Of course we receive the first years parachute payment even if promoted

[IanMcL]

What makes you think we won’t receive any payments whatsoever? That would be totally bonkers.

Normally TV payments, and I assumed solidarity payments which the EFL get too so that clubs can plan and spend, are paid in two instalments - August and January. I thought it was three (August, January and May from something Kilby said in 2009, but can’t find it), but a recent Coyle podcast confirmed it was at least August and January. It was where he was talking about delaying player bonuses.

Why would the parachute payments not be the same so that clubs can plan and manage the income drop?

And if we were promoted why wouldn’t we get the first year where we haven’t received any Premier League money? That doesn’t seem quite correct?

I understood and believed it was the remaining parachute payments not paid out (years two and three) which went back into the pot.

That sounds logical to me too. You can't have a season without any funding!

[FeedTheArf]

Established practice is for unclaimed Parachute Payments to go back into the pot for centralised distribution to the 20 Premier League teams, distributed on an equal share basis, that is 1/20th to each member of the Premier League in the season it is to be claimed.

This has bee one of the main issues for the EFL in their fight for more monies they argue that the money should all go to the EFL for distribution because that is where it was already allocated - the greedy six are ok with this as it is a small sum relative to them and would impact the 14 more - so it has been a prominent feature for the Premier Leagues 'New Deal' plan. Nothing has been formerly agreed and signed off though and it appears there are movers on the IReF front which may usurp any such agreement

Wow, I was always under the impression that unclaimed parachute payments was split out among the other Championship clubs. I'm not surprised the EFL are kicking off!

[Lowbankclaret]

Wow, I was always under the impression that unclaimed parachute payments was split out among the other Championship clubs. I'm not surprised the EFL are kicking off!

That’s what I thought happened too. Funny how you think you know something, to find out you don’t. No wonder they are kicking off.

[Chester Perry]

What makes you think we won’t receive any payments whatsoever? That would be totally bonkers.

Normally TV payments, and I assumed solidarity payments which the EFL get too so that clubs can plan and spend, are paid in two instalments - August and January. I thought it was three (August, January and May from something Kilby said in 2009, but can’t find it), but a recent Coyle podcast confirmed it was at least August and January. It was where he was talking about delaying player bonuses.

Why would the parachute payments not be the same so that clubs can plan and manage the income drop?

And if we were promoted why wouldn’t we get the first year where we haven’t received any Premier League money? That doesn’t seem quite correct?

I understood and believed it was the remaining parachute payments not paid out (years two and three) which went back into the pot.

In the Premier League it is 3 payments - the last is the merit (for final position) and TV appearance money (based on number of live broadcast games and includes the minimum allocation for those - like us that never beat the threshold on TV appearances)

[Taffy on the wing]

Should be split amongst the 3 lower divisions......they need the money.

[Chester Perry]

Of course we receive the first years parachute payment even if promoted

I think we have had at least 70% of it so far - my understanding (happy to be corrected, because I am still unsure on this) was a large upfront payment and then a drip feed through the rest of the season of an equal monthly amount

[Cirrus_Minor]

We have had a fair amount of Sky televised games so far this season, no doubt due to our high league position. Does that mean we get more tv money or is that agreed equally to all before hand? Just had me wondering after the discussions re parachute payments.

[Chester Perry]

We have had a fair amount of Sky televised games so far this season, no doubt due to our high league position. Does that mean we get more tv money or is that agreed equally to all before hand? Just had me wondering after the discussions re parachute payments.

It has been discussed a number of times

we are paid £100k per home game and £10k for an away game for each live broadcast in the Championship. It has been the rate for a few years now (partly down to the rights values not changing and deals lasting for 5 years)

[Cirrus_Minor]

It has been discussed a number of times

we are paid £100k per home game and £10k for an away game for each live broadcast in the Championship. It has been the rate for a few years now (partly down to the rights values not changing and deals lasting for 5 years)

Thanks. I assume that also includes the sky 'red button' games.

[Chester Perry]

Thanks. I assume that also includes the sky 'red button' games.

Not that I am aware of - they come as part of the overall deal and payment forms part of the standard distribution