Post by QPR Report on Apr 10, 2010 6:42:58 GMT
Shouldn't do it! 
Guardian
Premier League considers extending parachute payments to four years• Decision due on proposal at top-flight clubs' AGM in June
• Any change is dependent on Football League's agreement
Premier League clubs will decide in June whether to extend parachute payments for relegated clubs from two years to four. The proposal is part of a package of solidarity payments for Football League clubs that is being debated, with a decision due at the Premier League clubs' AGM in June.
It is understood, however, that any change would not go through without the consent of the Football League.
The parachute payments, aimed at softening the financial blow of relegation, are due to rise from £12m a year to £16m from this summer.
The one worry about extending the payments is that they could serve to increase the advantage that relegated clubs hold over their rivals in the Championship, allowing them to guarantee higher salaries to players for a longer period.
The Premier League agrees packages of solidarity payments to the Football League for three years at a time. The 2007-10 package saw more than £90m handed over including £5.4m for youth development.
Money for Championship clubs varied depending on how many were in receipt of parachute payments – those that had made an instant return to the Premier League no longer received them and the money was distributed across the rest of the Championship depending on where they finished in the league table.
League One clubs received £103,480 each, with £68,987 going to League Two clubs.
www.guardian.co.uk/football/2010/apr/09/premier-league-parachute-payments-extend
Guardian
Premier League considers extending parachute payments to four years• Decision due on proposal at top-flight clubs' AGM in June
• Any change is dependent on Football League's agreement
Premier League clubs will decide in June whether to extend parachute payments for relegated clubs from two years to four. The proposal is part of a package of solidarity payments for Football League clubs that is being debated, with a decision due at the Premier League clubs' AGM in June.
It is understood, however, that any change would not go through without the consent of the Football League.
The parachute payments, aimed at softening the financial blow of relegation, are due to rise from £12m a year to £16m from this summer.
The one worry about extending the payments is that they could serve to increase the advantage that relegated clubs hold over their rivals in the Championship, allowing them to guarantee higher salaries to players for a longer period.
The Premier League agrees packages of solidarity payments to the Football League for three years at a time. The 2007-10 package saw more than £90m handed over including £5.4m for youth development.
Money for Championship clubs varied depending on how many were in receipt of parachute payments – those that had made an instant return to the Premier League no longer received them and the money was distributed across the rest of the Championship depending on where they finished in the league table.
League One clubs received £103,480 each, with £68,987 going to League Two clubs.
www.guardian.co.uk/football/2010/apr/09/premier-league-parachute-payments-extend
