- Aug 28, 2014
- Reaction score
Reduced to only 3 years and just paid for 2 years for clubs relegated after one season...(maybe us!)
Promoted clubs who are relegated after a single year in the Premier League will no longer benefit from full parachute payments from the 2016-17 season. The change in the rules means that the promoted clubs, Bournemouth, Watford and Norwich, will miss out on a year of parachute payments if they go straight back down at the end of next season.
The parachute payments system is also changing so that the money – at least £64m – will be distributed to relegated clubs over three years rather than four. Clubs who go back down after a single year in the Premier League will get only the first two years of payments rather than the full three years.
The new rules will not affect the three clubs most recently relegated from the top flight – Hull, QPR and Burnley. They will receive £64m split over four years – £24m in the first year, then £19.3m, then £9.6m for each of the next two years.