Premier League news

Parachute payments to increase

April 16, 2013
By ESPN staff
The Premier League has reportedly agreed new parachute payments for the next three seasons that will see relegated clubs receiving more than £60 million over a four-year period.

The exact figure to be paid out to each club has yet to be confirmed, but it is to be a significant increase from the current £48 million over four years that relegated sides currently receive.

The Football League voted to accept parachute payments from the Premier League over four years instead of two ...

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