Parachute payments increased

[Chris]

Clubs relegated from the Premier League will receive £48million in parachute payments over four years after Football League chairmen voted in favour of the proposal.

The new payments - which rise from £16million a year over two years - will start from next season and are part of a package of solidarity payments from the Premier League to the Football League.

A Football League spokesman said: \"Following a frank but constructive meeting at Walsall's Banks's Stadium earlier on Monday, Football League clubs have voted to accept the Premier League's revised solidarity and parachute payments proposals.\"

The League One and Two clubs had initially blocked the change at a meeting 10 days ago but were told by the Premier League it was a take-it-or-leave-it offer.

The spokesman admitted that many clubs had expressed fears about the changes. Many smaller clubs fear increased money going to the Championship will widen the gap with League One and Two.

The spokesman added: \"Whilst many clubs expressed concerns about the proposals, their acceptance was considered the only viable way forward.

\"The Football League will now work in good faith, with the Premier League, to ensure that the resulting contract and regulatory changes are good for both competitions and football as a whole.\"

 :angry:

[The L J Monk]

The Football League had very little choice here. A lot of clubs rely upon the solidarity payments and the threat of their withdrawl left them with their hands tied really.

Scudamore may have dressed this up as a grand gesture from the Premier League \"helping\" it's less well off comrades, but this is just the next step towards creating the closed shop the money men all dream of.

[danum]

So any Club in the Premier League now has the unfair advantage of gaining promotion due to the fact they have £48m over four years to return - almost a closed shop

How many teams now will place themselves in a dire financial situation - gambling, trying to clutch that £48 million Golden Egg ?

Reality Check required

[River Don]

I suppose in the end nothing was going to stop this going through. It is sickening. :angry:

[Metalmicky]

http://www.telegraph.co.uk/sport/football/leagues/premierleague/7641526/Football-League-clubs-at-odds-with-each-other-over-Premier-League-payment-plan.html

More stuff here

[DRFC85]

Not sure if it will be quite as bad as everyone makes out… doesn't matter how much money these teams have… at the end of the day there are only so many good players available to buy. You're also going to get teams coming down from the Prem like Hull, Pompey, Leeds, Charlton Southampton… no matter how much money you give some teams, mismanagement will squander it.

[DonnyBazR0ver]

Quite right.

[Alan Southstand]

The only way to counter that judgement is to get in there and let's have some of it ourselves!

[big fat yorkshire pudding]

West Brom will be loving this.  Disastrous for the rest of us.

[DadsleyRover]

The Championship Players and their agents must be rubbing their hands now. It would almost be better if there was no money pumped down and leagues 2,3 and 4 just worked within their means and lower wages.

[topnotch_Donny]

big fat yorkshire pudding wrote:

West Brom will be loving this.  Disastrous for the rest of us.

I bet Blackpool are getting moist  

[CusworthRovers]

Money has certainly talked here, and confirms what we already know about the state of the English game.

For all the financial barriers that have been installed to stop unwanted clubs pissing on the Premiership grass, the same scenario is developing with the L1, L2 clubs not being allowed to piss on the CCC grass.

IMO and over time, I feel Donny are lucky to be where we are now and hopefully will stay there, (self preservation) as much as the situation is wrong. I think we have a set up that's equipped to challenge/sustain/compete without the massive handouts that some will get, and without the massive debt some will get in, chasing the rainbows end. We just need to keep this set up

[steve@dcfd]

Part of the deal we will receive £2.2 million next season that is equivalent to about 5000 season tickets.

[Alan Southstand]

All things considered, for next season, we're not in too bad a position, though, relative to the Clubs coming down - Hull, Portsmouth and Burnley. Of those 3 teams, I can see Burnley coming off the best, because they've been the most sensible during their Premiership season and havn't spent stupidly, like their relegated friends.

Hull and Portsmouth will need every penny of the £16m they'll get next season, just for staying afloat. The rest of us will get £2.3m each. For us, it'll mean that a good chunk of our wage bill is already paid. Add to that, the 3000 that have renewed their ST's already and we're looking good.

IF we get some good news on the 'signings' front, as well as a good proportion of our OOC players renewing, then I can see us having another bumper ST haul next season and, perhaps, a good season ahead. Of course, if neither of the above goes particularly well, then there will be new, hungry, teams coming in from L1 (Leeds and Norwich) that will be more than happy to leapfrog us.

What has to be looked at, quite seriously, is the urge now to think and act more positively, as the financial rewards (for promotion to the PL) are, as we know, great. What is now evident, is that even if we only spend 1 season in the PL, the financial risk to us, is vastly reduced, so long as we remain vigilant and in relative control of the outgoings.

[NigelJ]

Alan Southstand wrote:

Add to that, the 3000 that have renewed their ST's already and we're looking good.

Season Ticket sales currently at 4235.

http://www.smc-doncaster.co.uk/ticketinformation/drfcseasontickets.php

[Guernsey Exile]

NigelJ wrote:

Alan Southstand wrote:

Add to that, the 3000 that have renewed their ST's already and we're looking good.

Season Ticket sales currently at 4235.

http://www.smc-doncaster.co.uk/ticketinformation/drfcseasontickets.php

Just on that - do the SMC get a proportion of that cash?  Or is it all part of the rental package etc?