| Parachute payments... 14:31 - Jun 9 with 1385 views | FrimleyBlue |
Should they still be given to clubs who then offload players for multi million deals.
It's a bit odd that a club can get relegated, get millions for doing so. Then sell players at 30/40 million and carry on as normal...
Surely it would make sense that parachute payments were reduced so that the club in question has to use the transfer money wisely instead of just being able to use it freely. [Post edited 9 Jun 2023 14:32]
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| Parachute payments... on 16:58 - Jun 9 with 1222 views | britbiker |
Unfortunately I see them as the closest way of the prem league to try to have a closed shop.
They clearly can't do that as we won't accept it in this country, therefore if you carry on with three teams being relegated, give them all a substantial cash benefit which should see them all come back up.
Luckily there are poorly run clubs who gamble on staying up and thus blow their payments. And also some naughty teams don't play by prem league rules and have the audacity to be good on limited finances and mix it up with the non touchables (Bournemouth, Brighton, Brentford etc).
If only a team of Everton's size could end up in the lower divisions! |  | | |
| Parachute payments... on 17:03 - Jun 9 with 1204 views | GeoffSentence |
| Parachute payments... on 16:58 - Jun 9 by britbiker |
Unfortunately I see them as the closest way of the prem league to try to have a closed shop.
They clearly can't do that as we won't accept it in this country, therefore if you carry on with three teams being relegated, give them all a substantial cash benefit which should see them all come back up.
Luckily there are poorly run clubs who gamble on staying up and thus blow their payments. And also some naughty teams don't play by prem league rules and have the audacity to be good on limited finances and mix it up with the non touchables (Bournemouth, Brighton, Brentford etc).
If only a team of Everton's size could end up in the lower divisions! |
They were introduced because of the danger of clubs going bust when they got relegated. In the year that we went down, all three relegated clubs went into administration. With parachute payments we may have avoided that and the following decades of misery. |  |
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| Parachute payments... on 17:20 - Jun 9 with 1170 views | Illinoisblue |
It’s a fair point. Also think parachute should be 1 year only. |  |
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| Parachute payments... on 17:37 - Jun 9 with 1142 views | Swansea_Blue |
I suspect some have such huge wage bills that even offloading players isn’t always enough. It’s a conversation worth having though, so good question. Rather than being a safety net for teams they do seem to give a massively unfair advantage.
Let’s assume the aim is to help teams avoid financial meltdown if they can’t restructure their finances, which is inevitable with contracts over 2,3 or 4 years. (I’m not convinced that is the sole aim; it could also be about preserving the status quo, but let’s assume the aim is a noble one for now). Surely there must be a way to do this so clubs only access the funds if they are in trouble? Something like a hardship fund that’s only triggered if clubs are near to going into administration. Or some other way they can only receive support that’s means tested rather than it being a universal payment?
It is fkn nuts. Just look at the transfer business each season. The relegated clubs can do what they want, well above the means of the other clubs. |  |
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| Parachute payments... on 19:24 - Jun 9 with 1042 views | nodge_blue |
Arent they changing the parachute payment amounts in future? [Post edited 9 Jun 2023 19:25]
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| Parachute payments... on 19:35 - Jun 9 with 1002 views | rodney76 |
Parachute payments are essential because teams need to pay such ridiculously high wages and give lucrative contracts even to compete in the Premier League and relegation means a massive drop in income.
They do seem to be rather generous though, but perhaps some sort of precise calculation is behind that.
Clubs often find that their star players do not want to play in the Championship (especially if subject to a relegation clause) so they have
to cash in. Perhaps Maddison falls into this category. [Post edited 9 Jun 2023 20:04]
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| Parachute payments... on 20:32 - Jun 9 with 950 views | britbiker |
| Parachute payments... on 17:03 - Jun 9 by GeoffSentence |
They were introduced because of the danger of clubs going bust when they got relegated. In the year that we went down, all three relegated clubs went into administration. With parachute payments we may have avoided that and the following decades of misery. |
Maybe an automatic wage reduction clause would assist. Needs to be league wide though otherwise the top stars would not accept it. Let's face it most top earners leave anyway. An automatic clause would stop some of the more feral players sitting on large contracts without the need to renegotiate or move.
Seem to remember a Leeds youngster doing that whilst being loaned to us. Was it Stewart.? Earned a fortune without attempting to put himself out. [Post edited 9 Jun 2023 20:34]
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