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Here is a list of the Championship clubs getting parachute money this season. It's a relatively short list due to the yo-yo'ing of clubs like Watford, WBA, Norwich, Burnley and Bournemouth.
To re-cap, a relegated prem club will receive a percentage of the prem's basic TV payout for up to three seasons following relegation. Should they get promoted within that period, the payments of course stop. If the relegated club has spent more than one season in the prem, they receive parachute money for three seasons. If they were only in the prem for one season they get two season's worth of payments.
The basic prem TV payout is around £85million. Parachute money is 55% of that in year 1, 45% in year 2 and (if applicable) 20% in year 3. As an aside, the "solidarity payment" that every other non-parachute Championship club get is 30% of whatever the Year 3 parachute payment would be.
So, this season's parachute clubs are:
Leeds: £47 million
Leicester: £47 million
Southampton: £47 million
Norwich: £38 million
Watford: £38 million
The rest of the division will get: about £5 million
Note that this is WBA's first year without any parachute money so I strongly fancy them to implode - I don't have a sense that they've made the necessary adjustments over past season or two to prepare for life as paupers.
More generally, the "noise" about abolishing parachute payments ebbs and flows with nothing actually happening - the issue periodically surfaces when HM Gov starts threatening to appoint some sort of football commissioner if the game doesn't sort itself out but its all rapidly beginning to sound like hot air.
To re-cap, a relegated prem club will receive a percentage of the prem's basic TV payout for up to three seasons following relegation. Should they get promoted within that period, the payments of course stop. If the relegated club has spent more than one season in the prem, they receive parachute money for three seasons. If they were only in the prem for one season they get two season's worth of payments.
The basic prem TV payout is around £85million. Parachute money is 55% of that in year 1, 45% in year 2 and (if applicable) 20% in year 3. As an aside, the "solidarity payment" that every other non-parachute Championship club get is 30% of whatever the Year 3 parachute payment would be.
So, this season's parachute clubs are:
Leeds: £47 million
Leicester: £47 million
Southampton: £47 million
Norwich: £38 million
Watford: £38 million
The rest of the division will get: about £5 million
Note that this is WBA's first year without any parachute money so I strongly fancy them to implode - I don't have a sense that they've made the necessary adjustments over past season or two to prepare for life as paupers.
More generally, the "noise" about abolishing parachute payments ebbs and flows with nothing actually happening - the issue periodically surfaces when HM Gov starts threatening to appoint some sort of football commissioner if the game doesn't sort itself out but its all rapidly beginning to sound like hot air.
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