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ARTICLE · 03 AUGUST 2015

Premier League Parachute Payments Explained

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Parachute payments are funds provided by the Premier League to clubs relegated from the Premier League to the Football League Championship.

United KingdomMedia, Telecoms, IT, Entertainment
Daniel Geey
Daniel Geey

The Basics

Parachute payments are funds provided by the Premier League to clubs relegated from the Premier League to the Football League Championship. They are primarily to provide a financial cushion for the relegated clubs to adjust to life outside the lucrative Premier League competition.

The Premier League for a number of years had distributed parachute payments over four years to relegated clubs. Due to the current three year broadcasting deal in place (covering the 2013/14-2015/16 seasons), the most recent relegated clubs Burnley, QPR and Hull will receive around £65m over four seasons. It is worth noting that, if a relegated club were to get re-promoted to the Premier League, they would forfeit any further parachute payments. Such regulations are however changing and the detail is set out below.

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