Premier League news

Parachute payments defended

April 19, 2013
By ESPN staff
The Premier League has moved to defend increased parachute payments for relegated clubs after details emerged of the sums to be paid over the next three seasons.

With the new UK television deal swelling Premier League pockets by 70% from this summer, parachute payments are automatically increased.

Blackburn Rovers, Bolton Wanderers and Wolverhampton Wanderers are in the first year of their parachute payments, which stood at a total of £48 million over four seasons made up of ...

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