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Football League agrees new parachute payment terms

The Football League has agreed a proposal with the Premier League which will see relegated sides receive £48 million over four years in parachute payments starting from next season, a significant increase.

The agreement sees extended help for clubs relegated from the top flight from the current deal, which paid £16 million a year over two years.  Concerns have been raised that the new terms will widen the gap between relegated sides and other clubs in the Championship.

A Football League spokesperson said: "Football League clubs have voted to accept the Premier League's revised solidarity and parachute payments proposals. Whilst many clubs expressed concerns about the proposals, their acceptance was considered the only viable way forward. The Football League will now work in good faith, with the Premier League, to ensure that the resulting contract and regulatory changes are good for both competitions and football as a whole."

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