UK time is: 07:16:02
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Parachute payments to increase!

If there is anything to soften the blow of inevitable relegation, it is that our parachute payments are set to increase!

In quick summary for those who don't know, parachute payments are sums of money given to clubs that have been relegated to in theory, soften the financial blow of not having Premier League TV revenue. The original figure given over four years was 48 million, but is now set to increase to 60 million, meaning 15 million a year.

When the Royals went down in 2008, it was only spread across two years, but after a voted change in 2010 by the Football League, it will now stretch across a four-year period. Some have criticised this system, as it is effectively helping those that have failed. It is also relevant to note that teams do not have to accept these financial packages.

We did not really see a huge amount of this financial beneficiary five years ago, as at the time, it would have been more of a problem to Sir John Madejski than it would have been to the present with Anton Zingarevich. Either way, I hope we spend it wisely and invest it in the correct places. In Anton we trust!

Join The Vital Debate




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Josh  Mail feedback, articles or suggestions

Date:Wednesday April 17 2013

Time: 10:00AM

Your Comments

Another example of the EPL trying to raise the trap door making it even harder for clubs who have never made the greedy league to get aboard the gravy train. Another small step towards the death of football as we used to know it.
cropped
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Reading Articles

Blackpool (H) Match Preview (Friday October 24 2014)

The Opposition View - Blackpool (Friday October 24 2014)

Team news: Reading vs Blackpool (Friday October 24 2014)

Several play in training ground friendly (Thursday October 23 2014)

Defensive loan targets - Part 1 (Thursday October 23 2014)

Adkins reflects on another loss (Wednesday October 22 2014)

Stats: Bournemouth v Reading (Wednesday October 22 2014)

Bournemouth 3 - 0 Reading (Tuesday October 21 2014)

Bournemouth (A) Match Preview (Tuesday October 21 2014)

Archived Reading Articles

List All Vital Reading Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Results (view all)

Latest Results
Reading 3 - 2 Millwall
Reading 1 - 0 Ipswich
Reading 0 - 3 Derby County
Reading 3 - 0 Fulham
Leeds Utd 0 - 0 Reading
Wigan 2 - 2 Reading

League Table (view table)

Team P W D L GD Pts
14. Rotherham 13 4 4 5 -3 16
15. Leeds Utd 13 4 4 5 -3 16
16. Huddersfield 13 4 4 5 -6 16
17. Reading 13 4 3 6 -8 15
18. Millwall 13 3 5 5 -3 14
19. Fulham 14 4 2 8 -6 14
20. Wigan 13 2 6 5 -2 12

Breaking League News

Thompson Follows Clark Out
Birmingham : 25/10/2014 07:00:00
What The Stats Say: Bournemouth
Birmingham : 25/10/2014 07:00:00
Hughes Predicts Doom and Gloom
Birmingham : 25/10/2014 07:00:00
Grant Holt To Stay At Hudderfield For Rest Of Year
Wigan : 25/10/2014 00:15:00
Early Team News - Derby v Latics
Wigan : 25/10/2014 00:03:00

Current Site Poll (view all polls)

Prediction for the Derby game
Suggested By:  Josh
Win 11%
Draw 10%
Loss 79%