Question for those who understand the PL ££££££s (4 Viewers)

Sky Blue Harry H said:

Apparently if either Ipswich or Southampton go up, their 'parachute payments' that they wouldn't then get next season, are distributed to the PL teams. Does that mean we would get a few million more as a result? If so, I'm now less bothered if one (or both) of them come up. Although I actually think Southampton might be more dangerous than Ipswich for reasons unknown! DK will be happy though!!

Can anyone confirm that this is the case?

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JSL said:

Plus what happens to Leicester's if and when they go down again? They lose their parachute payment right? and where do they then go?

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JSL said:

Plus what happens to Leicester's if and when they go down again? They lose their parachute payment right? and where do they then go?

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• Payments Stop: The club forfeits any remaining years of parachute payments (45% in year two and 20% in year three) because they will again receive a full share of Premier League broadcasting revenue.
• No "Instant" Payment: Because parachute payments are typically paid in installments that align with the Championship season, a club that spends only one season in the EFL often does not receive a "first-year" payment.
• Where the Money Goes: The unused parachute payments are not distributed to other EFL clubs. Instead, the money remains in the pot which the remaining Premier League clubs share between themselves.
• Exceptions: If a club was in the Premier League for only one season before being relegated, they are only eligible for two years of payments (55% and 45%) rather than three (55%, 45%, and 20%), which would also stop upon promotion.
  Reddit +6

JSL said:

Plus what happens to Leicester's if and when they go down again? They lose their parachute payment right? and where do they then go?

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skybluecam said:

I don't get where this myth has come from, parachute clubs don't lose the payment. That wouldn't make any sense.

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