FFP near to being resolved

I have exclusive itk info that all will be revealed on Thursday.

Tony will get a small fine and have to do 20 hours community service, something like doing some litter picking with one of those hi vis vests on...

 

There should be an announcement soon.

I would prefer to be associated with "positive news", but we do need to close-out this long running saga.

 

At least we still get this money to help our cause - better than a ham sandwich, although I guess we may end up paying it back in FFP fines.

QPR and Fulham's 2016-17 parachute payment amounts confirmed

It is the last season of Fulham receiving additional income from the Premier League after their relegation in 2014, while QPR will have one more season of receiving the funds.

Queens Park Rangers and Fulham have both been greatly assisted following the confirmation of this season's parachute payment amounts.

Parachute payments are designed to bridge the gap in finances between the Premier League and the Championship, by providing relegated teams with a gradually decreasing percentage of Premier League funding over a maximum of three years.

This is to help recently-relegated teams adjust to a less fruitful financial climate in the second-tier of English football.

The money is split between an equal share amount to the relegated sides, and an amount based on overseas television money.

According to the official Premier League website, in the 2016-17 season, QPR were handed £31.1m after being relegated in May 2015 from the Premier League.
This means that QPR will only have one year remaining on parachute payments before they run out.

Fulham will go into next season without the additional payments after failing to get promoted through the play-offs this season.
They received just under £16.3m after being relegated in 2014. This was the same for Reading, Wigan Athletic and Cardiff who received the same amount.
Elsewhere, last season's relegated teams Newcastle, Aston Villa and Norwich City all received £40.9m.

http://www.getwestlondon.co.uk/sport/football/football-news/qpr-fulhams-2016-17-parachute-13124525

 

And here he is getting down and dirty...



And maybe he's getting shot of some player contracts...

 

Sunderland rewarded with £93,471,118 for getting relegated!
Bit of an advantage but I suppose we had our turn at that.

 

It is a bit quiet with our FFP announcement. I has the impression it would be announced at the end of May.