Musty - at the moment the parachute payments for relegation from the Prem amount to £59M paid over four years as long as the relegated team fails to make it back up in that time.
The first year's payment is £23M with the rest spread over the other 3 years. If a club makes it back to the Prem within that time, it forfeits any remaining unpaid years of parachute payments it would have been entitled to. If a club comes back down again, the 4 year cycle starts again.
However, I believe there was a move by the Prem clubs earlier this season to get that altered to £60M paid over just 2 years at £30M per year from next year. Don't know if that's been ratified or not yet, but £30M a year for 2 years is big punch in the wallet if you drop through the trap door for a club like Burnley.
The first year's payment is £23M with the rest spread over the other 3 years. If a club makes it back to the Prem within that time, it forfeits any remaining unpaid years of parachute payments it would have been entitled to. If a club comes back down again, the 4 year cycle starts again.
However, I believe there was a move by the Prem clubs earlier this season to get that altered to £60M paid over just 2 years at £30M per year from next year. Don't know if that's been ratified or not yet, but £30M a year for 2 years is big punch in the wallet if you drop through the trap door for a club like Burnley.
