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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!!!
 
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The answer is more equal distribution of finances across the football pyramid. Like many things when there are large discrepancies between the haves and have nots people take more risks which includes more shady behaviour.

Parachute payments are similar to things like help to buy which inflates the housing market, it doesnt solve the bigger issues, it's like a sticking plaster which actually contributes to the worsening bigger picture and widens the gap between the haves and have nots.

Coincidentally I always thought it was our relegation and subsequent administration which brought about parachute payments.
I guess in some way, we were one of the reasons for parachute payments. We were the first team to enter administration after relegation, but the Portsmouth one was what really brought the issue into discussions and the PPs were introduced.
 
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