brendanc

Sorry to be a little thick here, but what do parachute payments consist of and why are they given?
Parachute Payment

retired_saravanc

Its relief given to clubs that are relegated from the EPL. Since there is such a huge financial strain, the premier league gives them "parachute payments" over 3 years which can include debt forgiveness and straight-up cash. This is designed to keep clubs from having to offload every bit of talent as they would never return

retired_mekeesha

The three teams relegated from the Premier League get these 'parachute' payments. The logic is that they will have wage bills to big for The Championship and that the loss of TV revenue would hit them so hard financially that they'd go bust. Therefore the loss of revenue is softened with this payment to give them time to adjust their wage budgets and other finances.

Another way of looking at it is that it's a big con to ensure the Premier League teams have an unfair advantage over teams outside their league; a Premier League team that is relegated has a huge advantage, making it much easier for them to regain promotion - which very much appears to be the case.

retired_vern918

I agree, but really there is little alternative.

The clubs (while in the PL) have to sign players on 2,3,4 year contracts otherwise they wouldn't come. Get relegated though and you're saddled with players on PL wages, while your income is Championship sized.

Therefore the parachute payments may not seem fair to the rest of the championship, but there seems little alternative.

brendanc

ah okay i see...
fulham came in last but their wage bill this season is 530K and my wages are 400K after bringing in Bonaventure Kalou...so my wage bill is well under control...however there is that loan debt...

and yea, my players want to leave, Bocanegra, Konchesky(that piece of ****)and Gonzalo Pineda...but looking at my current squad i should be able to achieve promotion no problem(eddie johnson! must thank lawrie sanchez)just that they all might leave in January...

thanks for the info anyway

Boddington

What skin are you using in that screenshot?

brendanc

flex skin with sky sports add-on