Parachute Payments

Nigel Pearson has referred to our finances and parachute payments. That made me wonder - isn't a parachute payment just part of the financial reward for getting promoted? Promotion is always quoted as being worth ~£120m. I was always of the understanding that this payment wasn't made in full on promotion, but say £60m was paid upfront, with the rest paid later if a team stayed up, or went down - i.e. the "parachute".

It is not a handout, but the payment of the remaining balance? So, if the parachute was scrapped, would this mean a full upfront payout upon promotion? Maybe I'm wrong. But it sounds like sour grapes from other clubs.

Posted By: Wilts on September 14th 2022 at 10:51:10

Message Thread

Parachute Payments (NCFC) - Wilts, Sep 14, 10:51:10
- No, because they aren't only paid to clubs that were recently promoted (NCFC) - CWC, Sep 14, 11:59:31
- expectation management - pearson getting the excuses in early (NCFC) - Tombs, Sep 14, 11:37:48
- It’s exactly that, a reward for doing well. Whether it’s a fair system or not is another (NCFC) - DH Yellow, Sep 14, 11:28:26
- 50 different clubs have been in the PL. If the parachute payments are such (NCFC) - Azteca, Sep 14, 11:11:35
- If it's such a huge edge then the champs wouldn't be... (NCFC) - usacanary, Sep 14, 11:06:43
  - I think it's fair to say it's become more of an issue since the pandemic (NCFC) - jamesward, Sep 14, 11:31:01
  - Let's just say it's an edge of you have a well run club. (NCFC) - usacanary, Sep 14, 11:25:34

Reply to Message

In order to add a post to the WotB Message Board you must be a registered WotB user.

If you are not yet registered then please visit the registration page. You should ensure that their browser is setup to accept cookies.