seen this - there may be a few bob coming our way

"Birmingham and Sunderland have been promoted back to the Premier League at the first attempt," writes Simon Phillips. "So what happens to the parachute payments they would have been entitled to receive? Is this money distributed among this year's Championship clubs? Or does it go as a bonus to Premier League sides, such as poor, needy Chelsea?"

As things stand any extra money set aside for relegated teams' parachute payments is kept back and reinvested in the running of the Premier League, but, like a Paris Hilton book deal, change could soon be around the corner, Simon.

"In the past that money has always gone back to the Premier League, but that situation is being looked at by the board right now to see how we might do things otherwise," revealed Premier League spokesman Dan Johnson. "We should have a verdict by late June or early July." The Knowledge promises to keep you informed as and when the verdict comes in.

Posted By: south on June 22nd 2007 at 12:32:08

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