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!
Win FREE pizza with Vital Football!
Select your team and get 50% off if they score twice.