How about just writing a relegation wage reduction clause into players contacts?
Parachute payments exist because Portsmouth couldn't run their house properly and ended up in the ****. Teams shouldn't be getting financially rewarded for failure but the PL want you to spend, spend, spend to try and bring in the best so they allow you to do so by having a back up plan for when you fail.
If you have a reduction in wages clause in your players contracts, the club is protected should those players screw up. It's about time clubs took responsibility for their finances instead of overspending and relying on handouts to bail them out when they **** up.
Well said!!!
