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Parachute payments cut

Parachute and solidarity payments from the Premier League to Football League clubs have been cut for the first time since they were introduced. The payments are just over 2 per cent down on last season. Although this may not seem like a lot, it can make a difference to clubs with turnovers of £3m a year like Accrington Stanley where every penny counts.

Parachute and solidarity payments are linked to the value of the Premier League's domestic TV rights and they fell by 7.5 per cent for the 2019-22 period from £5.4 billion to £5 billion (the value of overseas rights continues to increase).

Parachute payments for the three clubs relegated from the Premier League are £31.8m. Solidarity payments to the other Championship clubs are £4.5m, £675,000 to League One clubs and £450,000 to League Two clubs. Clubs who were relegated from the Premier League in 2018 will receive £34.2m in second year payments with £15.2m for those who receive third year payments.

The overall amount the Premier League is paying out in parachute payments has gone up this season from £105m to £107m because of differences in the number of clubs receiving second year payments compared with third year payments.

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