2017/18 Parachute Payment

stoatey Gerry Francis Posts: 8,623	2017/18 Parachute Payment May 17, 2018 21:07:24 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by stoatey on May 17, 2018 21:07:24 GMT The parachute payment we received at the end of 2017/18 season was £16.6m. I believe this is our last payment.

northwesthoop
Stan Bowles

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Posts: 12,644

2017/18 Parachute Payment May 17, 2018 21:31:37 GMT

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Post by northwesthoop on May 17, 2018 21:31:37 GMT

So does it work that this money is for the season ahead? I thought parachute payments were for 4 years after relegation?

If this is the last one it means the payment at the end of the relegation season was classed as a first parachute payment?

I've Got Blue and White Hooped Blood

stoatey
Gerry Francis

Posts: 8,623

2017/18 Parachute Payment May 18, 2018 9:45:44 GMT

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Post by stoatey on May 18, 2018 9:45:44 GMT

May 17, 2018 21:31:37 GMT northwesthoop said:

So does it work that this money is for the season ahead? I thought parachute payments were for 4 years after relegation?

If this is the last one it means the payment at the end of the relegation season was classed as a first parachute payment?

I think you are right because the payments are retrospective and must fall under the old rules that changed in 2016/17.

Hopefully it means we should get one more payment at the end of 2018/19. I think that;

Until the 2016/17 season, parachute payments were paid to all relegated clubs for four seasons.

But the system was changed and the teams now only receive it for the following three seasons.

The money will stop if the team is promoted back into the Premier League in this time.

A club that has only been in the Premier League for one season will only receive two payments.

Post by stoatey on May 17, 2018 21:07:24 GMT

Post by northwesthoop on May 17, 2018 21:31:37 GMT

Post by stoatey on May 18, 2018 9:45:44 GMT