1. Log in now to remove adverts - no adverts at all to registered members!

Ehab and the parachute payments...

Discussion in 'Hull City' started by originallambrettaman, Oct 30, 2015.

  1. RicardoHCAFC

    RicardoHCAFC Well-Known Member
    Forum Moderator

    Joined:
    Jan 24, 2011
    Messages:
    10,311
    Likes Received:
    454
    On the basis that it doesn't affect us, the separate table would be the one that is part of the existing deal. Why in that situation would our terms be reprinted in a deal that relates only to PL clubs from next season onwards?
     
    #61
  2. The Omega Man

    The Omega Man Well-Known Member

    Joined:
    Feb 20, 2011
    Messages:
    8,306
    Likes Received:
    5,778
    Ehab refers to the payments increasing and there is nothing available to us, that indicates otherwise.
     
    #62
  3. originallambrettaman

    originallambrettaman Mod Moderator
    Staff Member

    Joined:
    Jan 24, 2011
    Messages:
    112,582
    Likes Received:
    78,996
    History indicates otherwise.
     
    #63
  4. Chilton's Hundreds

    Chilton's Hundreds Well-Known Member

    Joined:
    Nov 30, 2012
    Messages:
    5,547
    Likes Received:
    3,171
    He could do it but the law protects other creditors so an Administrator would need to be appointed.

    At that point AA loses control of the club and I don't think he likes other people telling him what he can or cannot do.
     
    #64
  5. dennisboothstash

    dennisboothstash Well-Known Member

    Joined:
    Feb 2, 2011
    Messages:
    23,979
    Likes Received:
    40,034
    ...that's an understatement !
     
    #65
  6. The Omega Man

    The Omega Man Well-Known Member

    Joined:
    Feb 20, 2011
    Messages:
    8,306
    Likes Received:
    5,778
    That's fine, show me where it says it doesn't work that way with the new payments.
     
    #66
  7. originallambrettaman

    originallambrettaman Mod Moderator
    Staff Member

    Joined:
    Jan 24, 2011
    Messages:
    112,582
    Likes Received:
    78,996
    I've no idea if it does or it doesn't, I'm just saying it's not happened in the past.

    Ehab may well know something we don't, equally he may have got it wrong, he often does.
     
    #67
  8. philhul

    philhul Well-Known Member

    Joined:
    Jan 27, 2011
    Messages:
    2,184
    Likes Received:
    999
    Promoted clubs who are relegated after just a single year in the Premier League will no longer benefit from full parachute payments from the 2016/17 season.

    The change in the rules means that promoted clubs Bournemouth, Watford and Norwich will miss out on a year of parachute payments if they go straight back down.

    The parachute payments system is also changing so that the money - at least £64m but likely higher - will be distributed to relegated clubs over three years rather than four. Clubs who go back down after a single year in the Premier League will only get the first two years of payments rather than the full three years.


    The new rules will not affect the three clubs most recently relegated from the top flight - Hull, QPR and Burnley. They will receive £64m split over four years - £24m in the first year, then £19.3m, then £9.6m for each of the next two years.

    From the 2016/17 season, relegated clubs will receive 55 per cent of the equal share of broadcast revenue paid to Premier League clubs in the first year after relegation, 45 per cent the following year and 20 per cent in year three.

    Clubs relegated after a single season will receive 55 per cent and 45 per cent over two seasons with the third payment eliminated entirely.
     
    #68
  9. The Omega Man

    The Omega Man Well-Known Member

    Joined:
    Feb 20, 2011
    Messages:
    8,306
    Likes Received:
    5,778
    That reads that Ehab has it wrong. Fair enough.
     
    #69
  10. dennisboothstash

    dennisboothstash Well-Known Member

    Joined:
    Feb 2, 2011
    Messages:
    23,979
    Likes Received:
    40,034
    It is quite an odd thing to get wrong though
    Presumably someone must have suggested to him that it was the case ? (Or he's right of course)
     
    #70

  11. Edelman

    Edelman Well-Known Member

    Joined:
    Mar 30, 2014
    Messages:
    20,063
    Likes Received:
    9,353
    Well they did say they knew **** all about football
     
    #71
  12. The greengrocer

    The greengrocer Well-Known Member

    Joined:
    Apr 18, 2013
    Messages:
    5,858
    Likes Received:
    2,224
    Both Allams at the kc tonight! They must loooooove rugby :1980_boogie_down:
     
    #72
  13. RicardoHCAFC

    RicardoHCAFC Well-Known Member
    Forum Moderator

    Joined:
    Jan 24, 2011
    Messages:
    10,311
    Likes Received:
    454
    Odd? If he's wrong it would be more negligent than odd wouldn't it? I mean he says that our retaining the players we have and spending what we spent is a gamble, and one they were only prepared to make because of the increased payments. If that decision has been made based on incorrect information when they could have just contacted the PL for written confirmation it's a ridiculously unprofessional thing to have happened.
     
    #73
  14. tigerscanada

    tigerscanada Well-Known Member

    Joined:
    Sep 21, 2012
    Messages:
    26,176
    Likes Received:
    11,019
    It is almost impossible for them (the Alams and their advisors) to have made a mistake here. I don't know when the negotiations for the "new deal" between the PL and the TV companies started taking place, but most likely at least a year before the end of the "old deal". All the resident PL clubs at the time would have been consulted with by the PL body, as lets face it, no party would have known at the time which 3 of the member clubs would be relegated at the end of the season. This would mean all 20 incumbent clubs would have wanted to protect their own and each others interests in case they were one of the 3 to be relegated at the end of the 2014-15 season . This would have been fed into the PL-TV negotiating process to get the best "parachute payment" payout & structure.
     
    #74
  15. dennisboothstash

    dennisboothstash Well-Known Member

    Joined:
    Feb 2, 2011
    Messages:
    23,979
    Likes Received:
    40,034
    True
    When I said odd, I meant more that it was such a specific thing that it isn't like their one of their statements which often remind you how little they know about football. This was odd in that it is a very specific detail which can't have just been made up during an interview. It's obviously, as you say, been discussed and used for planning purposes

    Maybe he's right though. We'll see (or hopefully we won't!)
     
    #75
  16. Happy Tiger

    Happy Tiger Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    15,983
    Likes Received:
    7,363
    Maybe they're wrong about this in the same way they were wrong about the ASI fund spending?

    Oh wait...it was the keyboard warriors who were wrong.

    Unless anyone tries desperately to shoe horn the word "morally" in again. Not because they're wrong or owt. <laugh>
     
    #76
  17. Brucebones

    Brucebones Well-Known Member

    Joined:
    Apr 28, 2012
    Messages:
    9,133
    Likes Received:
    4,515
    Morally it would be correct of you to use the term that ASI stands for rather than just the letters!<laugh>
     
    #77
    look_back_in_amber likes this.
  18. originallambrettaman

    originallambrettaman Mod Moderator
    Staff Member

    Joined:
    Jan 24, 2011
    Messages:
    112,582
    Likes Received:
    78,996
    If withholding the ASI money from your own fans, purely out of spite, was the correct thing to do, then Ehab got it bang on.
     
    #78
  19. The Omega Man

    The Omega Man Well-Known Member

    Joined:
    Feb 20, 2011
    Messages:
    8,306
    Likes Received:
    5,778
    upload_2015-11-2_9-35-48.png

    Whilst I accept that I may have this wrong, I have only seen one article that says that we are unaffected by the change, which seems a little "odd" to me.

    The above table from the excellent Swiss Ramble Blog http://swissramble.blogspot.co.uk/2015/02/the-premier-league-tv-deal-master-and.html does not mention that clubs already in receipt of parachute payments will receive less nor does the article.

    I have to say that there could be a chance that the payments to Hull City should we not be promoted would be:

    2016/17 28.7m +
    2017/18 21.6m +

    And that we would not receive 9.7m in 2017/18

    Even if you take away the increase in parachute payments, every club benefits from the increase in solidarity payments so our 2nd year figure would increase to 23.5m. Again this figure does not appear anywhere.

    Another blogger Daniel Geey muddies the water for me as well. Below is his example of the difference between a club having one season in the PL against one with more. http://www.danielgeey.com/premier-league-parachute-payments-explained/

    "Watford are promoted and participate in the Premier League in the 2015-16 season. Unfortunately, they are relegated at the end of the season. For the 2016-17 season they compete in the Football League Championship. They will receive the first of two parachute payments following relegation. In year one, the club receives 55% of the equal share of broadcast revenue paid to Premier League clubs and in year two, 45% of the equal share of broadcast revenue paid to Premier League clubs. Based on the equal share figures in the 2014/15 season being almost £48m and the likely uplift from the new broadcasting deal, the club could expect to receive a similar amount to Burnley, QPR and Hull will receive (£60m+) but over a two year period[1].
    Similarly, if West Ham for example, were relegated at the end of the 2015-16 season, they would receive the first of three parachute payments. In year one, the club receives 55% of the equal share of broadcast revenue paid to Premier League clubs and in year two, 45% of the equal share and in year three 20% which could equal around £70m+ over three years."

    To be honest if we get it or not, the only thing that is certain is that any increase in TV money will not see its way down to the supporters, no matter what club they follow, players and their agents will benefit more. As the riches increase in the game the divide between supporter and club gets wider.
     
    #79
  20. look_back_in_amber

    look_back_in_amber Well-Known Member

    Joined:
    Feb 20, 2011
    Messages:
    9,385
    Likes Received:
    8,623
    Unlikely, they're probably not on speaking terms.
     
    #80

Share This Page