The clubs of the Premier League are celebrating and it is that at a time when the economics of the teams hang by a thread, have “received” almost 100 million not quite expected. Since its creation in 1992, the Premier League has had a relegation aid system called 'parachute payments' (parachute payments). These payments are support given by top-flight teams and received by relegated clubs for the next three years.
The money that the descendants receive is based on the income of the season of the descent, obtaining a 55% the first year, 45% the second and 20% the third, leaving that money from the rest of the first division clubs. In this way it is intended to combat the tremendous impact resulting from relegation to Championshipe In the event of a promotion during those three years, the aid is canceled and clubs save having to pay for it. That is exactly what has happened this season
Norwich Y Watford, team trained by the Spanish Xisco Muñoz, they ascended mathematically a week ago and last weekend respectively. Both teams had relegated the previous season, so they were under the aid of the 'parachute payments', specifically they still had to receive 95 million euros. With their promotion they will no longer get that help and that money will be distributed among the 20 teams that will be part of the Premier next year.
The clubs around four and five million will be saved, a not inconsiderable figure now that the economy of many of them is at least fragile. In addition, there is still the possibility that more money will be saved since the Bournemouth, a team that also dropped last year, is in the fourth position with 77 points and will play the promotion playoffs to the Premier. His return would mean that he would also get out of the aid system, saving the teams even more money.
It is important to note that this system of 'parachute payments' was harshly criticized last year by the president of the English Football League (the association under which the English second, third and fourth division is located), Rick Parry since it supposes a great economic advantage for relegation clubs. This year seems to have given the reason to Parry and that is that two of the teams that descended last year have already returned and the third can still join.