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

MOST COMMENTED

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
Pellegrini: David Silva Out Three-Four Weeks    
Manchester City coach Manuel Pellegrini on Thursday confirmed that playmaker David Silva will miss three-to-four weeks ...
Reus Distances Himself from Bayern Ahead of Der Klassiker    
Germany and Borussia Dortmund forward Marco Reus on Thursday issued a statement distancing himself from a ...
Neymar to Play in 2016 Olympics     
Neymar will be joining the Brazil squad for the 2016 Olympics in Rio de Janeiro, coach ...
Gerrard Hints at Possible Liverpool Exit     
It's almost unthinkable for Liverpool fans: Could Steven Gerrard really leave the only club he has ...
Report: FA Racking Up Social Media Fines    
Queens Park Rangers defender Rio Ferdinand on Wednesday became the latest Premier League player to be ...
Real's Navas Seeks Legal Action for Costa Rican Spying    
The Associated Press is reporting Thursday that Real Madrid goalkeeper Keylor Navas will take legal action ...
Mandzukic: Guardiola 'Didn't Treat Me with Respect'    
In an interview with Croatian newspaper Sportske Novosti, Mario Mandzukic says he is enjoying playing for ...
Roma's Destro to Consider Future     
Mattia Destro on Wednesday cast doubt around his future after scoring the opening goal in AS ...
Allegri: 'Lack of Maturity' Costs Juve     
Despite hitting the woodwork several times and having much the better play throughout, Juventus lost 1-0 ...
Report: Former President Hoeness Warns Bayern     
German daily Bild reports that former Bayern Munich President Uli Hoeness, who is currently in prison ...
>> Section 2 Around the Net Archives