Don't Miss

Clubs relegated from the Premier League to receive £60m boost

By on April 16, 2013

Clubs relegated from the Premier League will receive in excess of £60m over a four-year period from next season after the Premier League agreed new parachute payments for the next three years.

The Premier League is yet to confirm the exact figure, while the issue of solidarity payments to the Football League clubs is still to be finalised.

Clubs relegated to the Championship currently receive £48m over four years.

Reading, Queens Park Rangers and Wigan are currently in the bottom three.

In 2010, the Football League voted to accept parachute payments from the Premier League over four years instead of two.

The revised payments meant that instead of clubs relegated from the Premier League receiving £16m a year for two years, they received £48m spread over four years – £15m for the first season, £17m for the second and then a further two payments of £8m per season.

Last month, chairmen of the 24 Championship clubs met to discuss the latest proposal, but the outcome of the meeting was inconclusive.