Vital Football

Latest Reading FC News

Parachute payments to increase!

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



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

Writer:Josh
Date:Wednesday April 17 2013
Time: 10:00AM

Comments

0
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
17/04/2013 10:55:00
Page 1/1
  1. 1

Login to post a comment

Recent Reading Articles

Stam Expecting Tough Preston Test

Manager Jaap Stam has said he's determined to pick up more points in this weekend's trip to Preston North End but he's expecting it to be a tough clash.

Barrow Looking To Kick On

Having opened his Reading account in the midweek clash against Aston Villa, Mo Barrow has said hopefully it'll be the first goal of many more to come from him at Reading.

Officials - Preston v Reading (19/8/17)

The Football League have now announced the Match Day officials that will take charge of the game between Preston North End and Reading this Saturday.

Stam Thrilled With Villa Victory

Manager Jaap Stam has spoken of his delight at both the performance and the result for Reading in the midweek clash against Aston Villa.

Archived Vital Reading Articles

Vital Reading articles from

Site Journalists

Write for Vital Reading
Write For Vital Reading
Apply Here

Current Poll (see more polls)

Aston Villa MotM
Suggested By: Site Staff
Mannone0%
Gunter0%
McShane0%
Moore0%
Blackett0%
van den Berg20%
Kelly0%
Clement40%
Swift0%
Popa40%
Barrow0%
Sub - Evans0%
Sub - McCleary0%
Sub - Beerens0%
ScoopDragon Publishing Entire League Network of Sites
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Reading Results (view all)

The Vital Football Members League