via Rob Staton on twitter. Suppose the invisible man was the only one to confirm that, Cryne and Rowing weren't around.
A quick search couldn't find when they started, but the amount of payments are vastly greater than anything we might have got back in the day. Its now £48 million over 4 years - or probably 2-3 times our entire budget per season on top of normal income.
Re: He is correct I'm pretty sure you're mistaken mate. http://www.onebooker.com/en/2010/09...-competitive-balance-within-the-championship/
Re: He is correct £48 million extra over 4 years? So Blackburn stay down for the next 3 years, they'll get an extra £48 million than us because they used to be in the Prem? Mental. We did get the payments, fair enough, but his point is still valid.
We got some money, nothing like what it is now, it's how we bought Hignett & Dyer etc. John Hendrie signings. That and the 1m for Redfearn. Only problem was paying them in the long term. You could argue that what subsequently happened to us - relegation, admin, dodgy ownwership etc and other clubs - prompted the increase in parachute payments, or to put it another way, distribution of premiership profits - to protect clubs from similar fates. It's like rehab for junkie football clubs, Portsmouth being the hopeless terminal addict.
Re: He is correct It is valid, I agree. Although I'm afraid I don't believe him when he says he'd be kicking up the same fuss if he was the manager of Blackburn. Would he not spend the money on principle? Or would he do exactly the same as Steve Kean is doing?
Re: He is correct The idea of the parachute payments is that players have much bigger contracts in Premier League, it's to prevent clubs going out of business if they can't off load those players on longer term contracts. When a club can buy a player for £8m just after getting relegated it does make you wonder if they are required anymore. Perhaps it would be better if a ruling came in that all players had clauses in their contracts that salary would reduce if the club is relegated.
Re: He is correct Without a doubt. And he's not shy about letting us know about them. But on this point I think he's pushing things some what. He's got the media talking about the issue which is a good thing. Although I haven't heard any other managers come out to back him up, which is a shame.
We received £2m in the 1998-9 and 1999-2000 seasons. That's why things went a bit belly up after the play off season.
Wasn't one of the reasons that the digital deal collapsed and we lost a lot of income. We knew that was coming and it was withdrawn
one vitally important change that nobody has mentioned.... ...is that until a couple of seasons ago if a club went back up while they were still receiving parachute payments their share was split between the rest of the division. Now I am pretty sure it goes back into the Premier League pot. The two million or so that it would probably equate to now if Blackburn for example went up would be a drop in the ocean to someone like Leicester, but would make a huge difference to us or Millwall. One of the few equitable redistributions of money has been done away with on the quiet.
I was thinking more of the 2000-1 season when we sold Hignett, couldn't sign John Curtis and had to bring in dross like Carl Regan and Lee Jones. The ITV digital was the final nail.