Manager Mick McCarthy says he’s looking forward to the challenge of competing against relegated former Premier League sides with the “huge advantage” of increased parachute payments next season.

The Premier League plans to raise parachute payments to a total of £59 million - up from the previous figure of £48 million — split over four years: £23million in the season after relegation, £18 million in the second and £9 million in each of the following two years. By contrast, established Championship clubs will receive a £2.3 million annual solidarity payment.

Asked whether he believes those payments put the likes of the Blues at a disadvantage at a time when the division is moving to the Financial Fair Play break-even model, McCarthy was in no doubt: “What, in the Financial Fair Play bollocks league? Financial Fair Play — one team’s got £20-odd million coming down and we’ve got sweet FA.

“Of course it has an effect, it’s a huge advantage to have that. It means they can keep their teams, and Bolton have done it.

And, after whatever happened at the start of the season, they’re now in the play-offs, they kept a huge squad, a huge wage bill and a lot of players there.

“And they should be in the play-offs, they should be with the squad that they’ve got. And Wolves should have been in the play-offs with the squad that they’ve got.

“And Blackburn with the wage bill that they’ve got, they’re spending how many million on about half a dozen players.”

But while many might be discouraged by the disparity, McCarthy views it as a challenge: “It’s not fair, but I kind of like kicking against fair. I like all that, a bit of a scrap between the haves and have-nots.”

Photo: Action Images

Taricco_Fan added 15:34 - Apr 23 Rather than parachute payments there should be a move to introduce relegation clauses into all player contracts, thereby reducing a club's wage bill of they get relegated. Clubs should cut their cloth accordingly upon dropping out of the Premier League. Parachute payments will create a two-tier Championship eventually. It's a complete nonsense.
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StuartBrett8 added 16:36 - Apr 23 Fair enough guy's it was a tongue in cheek comment :)
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DanLyles added 16:37 - Apr 23 I remember in the early days of Marcus Evans' ownership we spent more than alot of clubs who finished above us. Now I feel we will spend less but finish above the big spenders by securing hard working players who have been drilled by an efficient management team. The defence speaks for itself these days, then the likes of Tabb and Hyam will battle for 90 minutes in midfield to grind out results. Players with greater natural ability like Wordswoth and JET will only play if they give their all. The same goes for the strikers. It won't be pretty but you can see us being top 6 next season.

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JWM added 16:52 - Apr 23 We have a proud tradition of spending very little compared to other clubs on players and it hasn't done us any harm especially in the Cobbold era. It all started to go wrong when Patrick Cobbold decided to upgrade the Pioneer stand and we then started to sell our best players to pay for the damn thing! Burley, Royle and to some extent Magilton all knew the ethos of the club and abided by it and it was all going well until the idiot Keane turned up! McCarthy is the master at picking up young players from the lower leagues and developing them into very good footballers so I have no worries on this score and in fact I welcome the return back to the tried and tested ways of the ITFC of old.

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Stato added 17:38 - Apr 23 I'd rather have Mick than the money and I suspect so would a few Wolves fans
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Morgan added 17:43 - Apr 23 It's all well and good having the money but you need to spend it well. No offence to Wigan after all they have achieved but they could have as much money as they want in the championship but in front of a half empty stadium they are hardly an attractive prospect for players. Bigger clubs like Villa for example would have different problems, disillusioned fans on their back, every other club upping their game. If you can build a sensible hard working squad in this league you can compete. The relegated side will always suffer to adjust to the change in football, personnel etc first season so there is plenty of opportunity to mix it with them.

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joshITFCporter added 19:47 - Apr 23
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PSGBlue added 20:14 - Apr 23 The trouble when you are relagated, you end up with sub standard Premiership players on inflated wages who no-one else wants. These hyped up players don't want to battle it out in the Championship and as a result end up in the bottom half of the league, just like Blackburn and Wolves! I bet QPR and Reading struggle next season as well, despite having so called "Premiership" players.

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osborne added 20:46 - Apr 23 It's so refreshing to have a Mick who knows how to use the word bollocks properly as manager. Happy days
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TimmyH added 20:46 - Apr 23 In the blue corner boxing out of Yorkshire, weighing in at 12 stone 10lbs is Mick 'Careless Whisper' McCarthy and in the red corner boxing out of Landon weighing in at 18 stone 7 lbs is Harry 'can't send an email' Redknapp - pointless saying this as we all know Harry will up sticks and try and get a job back in the Premiership! - McCarthy would chew him up and spit him out...

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