Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Preston Irate Over EPL Parachute Increase
ESPN FC, April 19th, 2013 12:39PM

MOST READ
TAGS:  england


In the midst of harsh criticism from lower level English clubs, the Premier League has decided to increase parachute payments to relegated clubs to $90.6 million over four seasons from $73.7 million. As England’s top flight mulls a much smaller increase in the “solidarity payments” it hands out to the rest of the country’s soccer hierarchy, Football League One (third division) club Preston North End launched a scathing attack on the EPL’s parachute payment system.

"Let no one doubt that the Premier League do not give a damn about the Football League,” reads a statement from the club. “To win the playoff final to the Premier League guarantees circa [$184 million= one season in EPL + 1 year of parachute payment] and yet a [second division] club who do not receive parachute payments receive circa [$6.1 million]. This is financial suicide.”

In fact, the EPL has proposed increasing solidarity payments as follows: Championship (second division) clubs would receive $3.5 million annually (up $178,000), League One (third division) clubs would receive $552,000 per year (up $33,500), and League Two (fourth division) clubs would receive $367,500 per year (up $18,300).

The Preston statement continues: "League One and League Two clubs don't stand a chance of surviving, let alone competing, without a benefactor. ... At a time when there is more money coming into football than ever before there appears to be less and less of the financial cake being distributed to the Football League.”

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Chandler Could Return to Training Next Week     
U.S. international Timothy Chandler is set to return to Nurnberg team training in 10 days, ESPN ...
Garcia: Roma's Scudetto Dream Not Over    
AS Roma coach Rudi Garcia says that he has not given up hope on the Scudetto ...
Giroud Honors Hillsborough Victims     
Arsenal striker Olivier Giroud paid tribute to the victims of the 1989 Hillsborough disaster after scoring ...
PSG President: Blanc Has My Full Support    
Paris Saint-Germain President Nasser Al-Khelaifi claims that coach Laurent Blanc has his "full support" amid recent ...
Donovan Opens Up About Aging    
Speaking at a promotional event for Samsung, U.S. men's national team midfielder Landon Donovan opened up ...
Dortmund Blanks Wolfsburg German Cup Semi    
Borussia Dortmund on Tuesday reached its sixth German Cup final, beating Wolfsburg 2-0 thanks to goals ...
Candidate: FIFA Must Close Inequality Gap    
FIFA presidential candidate Jerome Champagne believes soccer's world governing body should do more to tackle inequality ...
Report: Man City the World's Best Paid Team    
Manchester City's first team is apparently the best-paid in world sports, according to a new report ...
Vice President Biden to Attend World Cup    
The World Cup trophy made its first stop in the United States on Monday as part ...
Beckham's Stadium Plan Runs into Opposition    
David Beckham's plan to build a waterfront stadium to house his new MLS franchise in PortMiami ...
>> Section 2 Around the Net Archives