The Championship 2020/21
You only get 3 years of parachute payments if you survive your first year if you come straight back then you get 2 years of payments.
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In the first year, the payment is 55 per cent of the amount that each Premier League club receives as part of its equal share of broadcast revenue. Based on the most recent figures, that percentage is roughly £40m. The percentage is reduced to 45% in the second year (roughly £35m) and 20% in the third year (roughly £15m).

It is important to note, however, that teams that have been relegated from the Premier League in their first season after promotion only receive two years of parachute payments.
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(30-05-2021, 07:56 AM)Mcforest Wrote: In the first year, the payment is 55 per cent of the amount that each Premier League club receives as part of its equal share of broadcast revenue. Based on the most recent figures, that percentage is roughly £40m. The percentage is reduced to 45% in the second year (roughly £35m) and 20% in the third year (roughly £15m).

It is important to note, however, that teams that have been relegated from the Premier League in their first season after promotion only receive two years of parachute payments.

And if the club gets promoted again in the first season after relegation they only receive the 1 parachute payment. Norwich and Watford going straight back up therefore saved the Premier League about £100M. That money is distributed across all clubs in the PL.

It’s in the Premier League clubs’ interests that clubs come straight back up, both for the clubs that get relegated and the ones that don’t. Has someone ever mentioned that the system is rigged?!
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