Champ clubs looking for changes

Championship clubs have asked the Football League to come up with a range of options on parachute payments.

Last Updated: 20/03/13 at 17:55 Post Comment

The clubs have expressed their concerns that teams that are relegated from the Premier League will have too great a financial advantage.

The concerns were expressed at a meeting of the 24 second-tier clubs on Wednesday after they were presented with the Premier League's proposals for parachute payments to be £23million for the first year after relegation.

Clubs in the Championship not receiving parachute payments would get just £2.3million.

The outcome of Wednesday's meeting was inconclusive, with the Football League board asked to come up with a range of options and to continue discussions with the Premier League, club sources confirmed.

The increase in parachute payments from £16million is because of the rise in the Premier League's TV rights from 2013-16 - and it effectively decides on the level it pays.

The Football League clubs were informed of the proposed rises in a letter from chairman Greg Clarke.

The proposals is for relegated clubs to receive £23million in the first year, £18million in the second and £9million in years three and four. It would mean a possible total of £59million over four years compared to the maximum now of £48million.

The new offer of solidarity payments for League One clubs are for £360,000 and £240,000 a 6.6% and 5.4% rise respectively.

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