Premier League Relegated Clubs To Receive £600

Clubs relegated from the Premier League will receive in excess of £60m over a four-year period from next season after the Premier League agreed new parachute payments for the next three
years.

The Premier League is yet to confirm the exact figure, while the issue of solidarity payments to the Football League clubs is still to be finalised.

Clubs relegated to the Championship currently receive £48m over four years. Reading, Queens Park Rangers and Wigan are currently in the bottom three.

In 2010, the Football League voted to accept parachute payments from the Premier League over four years instead of two.

The Premier League reportedly planned to stop solidarity payments, a figure distributed among the 72 clubs in the Football League, if those clubs rejected the proposal.

The revised payments meant that instead of clubs relegated from the Premier League receiving £16m a year for two years, they received £48m spread over four years – £16m per season for the first two seasons, then a further two payments of £8m per season.

Last month, chairmen of the 24 Championship clubs met to discuss the latest proposal, but the outcome of the meeting was inconclusive.