WarksRobin Posted November 9, 2022 Report Share Posted November 9, 2022 Being reported this morning that there will be changes to parachute payments. The headline sounds promising but the detail is sadly lacking. https://www.skysports.com/amp/football/news/11661/12742070/premier-league-clubs-agree-new-financial-rules-with-efl-sides-to-be-offered-increased-payments 1 Quote Link to comment Share on other sites More sharing options...
Coin-op Posted November 9, 2022 Report Share Posted November 9, 2022 It was also agreed that a form of parachute payments for relegated clubs will remain but further discussions will decide exactly how, while the Premier League will create a new 'infrastructure fund' to provide extra cash to clubs in League One and League Two to improve their facilities. Doesn't sound too promising. At least let other clubs be allowed to spend the same amount as a parachute payment club. 2 Quote Link to comment Share on other sites More sharing options...
sephjnr Posted November 9, 2022 Report Share Posted November 9, 2022 1 minute ago, Coin-op said: the Premier League will create a new 'infrastructure fund' to provide extra cash to clubs in League One and League Two to improve their facilities. with the catch that said clubs would give the PL preferable treatment in selling youth players, no doubt. Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted November 9, 2022 Report Share Posted November 9, 2022 (edited) I still think an idea to exclude the excess of Parachute Payments minus Solidarity Payments from FFP calculations would have made a huge difference in the last few years and helped with stability. Clubs at our level, presumably Championship clubs in particular must also follow PL spending rules in exchange for the financial reforms. Edited November 9, 2022 by Mr Popodopolous Quote Link to comment Share on other sites More sharing options...
!james Posted November 9, 2022 Report Share Posted November 9, 2022 Didn't want to start a new thread but for @Davefevs@Mr Popodopoloushow bad/catastrophic would relegation to League One be for the club in its current financial state? The FFP are slightly different aren't they?! Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted November 9, 2022 Report Share Posted November 9, 2022 From a financial perspective, TV money alone is several million lower, obviously gates etc would fall- definitely revenue would fall but non matchday revenue commercially ie events etc may not take such a big hit. Think I'll leave it to @Davefevsas I don't know so much about the L1 stuff, I suppose my query is how does it transition as in if you have 2 years of Championship football under the 3 year rule would a club who post say £20m and £10m in FFP terms be expected to reduce their losses to £9m in the 1st League One season or is that totally forgotten. Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted November 9, 2022 Report Share Posted November 9, 2022 (edited) Line from the Times, which suggests that the amount on the table of extra cash for the EFL would be another £170m per year.. Unsure how much Parachute Payments would be cut by either although it uses the term 'drastically'. Edited November 9, 2022 by Mr Popodopolous Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.