Parachute payments are coming to an end..

[cambridgeshire canary 6,834]

https://www.theguardian.com/football/2021/nov/29/premier-league-and-efl-in-secret-talks-to-remove-parachute-payments

 

Whatever is Delia going to do? 😂

[Greavsy 2,457]

1 minute ago, cambridgeshire canary said:

https://www.theguardian.com/football/2021/nov/29/premier-league-and-efl-in-secret-talks-to-remove-parachute-payments

 

Whatever is Delia going to do? 😂

Secret talks you say? Best you start another thread about it!

[Danke bitte 967]

That’s an old article but still apt. We’re number 1 chief culprit at manipulating that system. And the reason we’ve had a fair amount of success recently. If they do stop, and they no doubt will, the system in place will probably be more balanced form of financial support. We’re likely to lose out significantly but we’ve been playing the system for a long time we can’t really complain it hasn’t been coming.

[Greavsy 2,457]

5 minutes ago, Danke bitte said:

That’s an old article but still apt.

Good point. I didn't notice the article was from November 21. 

CC  is slacking....... 

Edited January 10, 2022 by Greavsy

[PurpleCanary 5,587]

18 minutes ago, Danke bitte said:

That’s an old article but still apt. We’re number 1 chief culprit at manipulating that system. And the reason we’ve had a fair amount of success recently. If they do stop, and they no doubt will, the system in place will probably be more balanced form of financial support. We’re likely to lose out significantly but we’ve been playing the system for a long time we can’t really complain it hasn’t been coming.

We do not manipulate the system.

[City 2nd 191]

2 minutes ago, PurpleCanary said:

We do not manipulate the system.

There is little doubt that parachute payments do not make for a level playing field in the championship. Ask West Brom, Bournemouth, Fulham, Norwich and Watford!

[Danke bitte 967]

2 minutes ago, PurpleCanary said:

We do not manipulate the system.

True. We take advantage of it. Bad choice of “manipulate”. Either way, we can’t complain that it hasn’t been advantageous to us. 

[Yellow Wal 314]

5 minutes ago, PurpleCanary said:

We do not manipulate the system.

We do not manipulate the system anywhere near as much as the top clubs manipulate the loans system.

[Faded Jaded Semi Plastic SOB 1,042]

2 minutes ago, Danke bitte said:

True. We take advantage of it. Bad choice of “manipulate”. Either way, we can’t complain that it hasn’t been advantageous to us. 

How do we "take advantage" of the system?, unless you are suggesting we get relegated on purpose?............

[Mullet 293]

35 minutes ago, cambridgeshire canary said:

https://www.theguardian.com/football/2021/nov/29/premier-league-and-efl-in-secret-talks-to-remove-parachute-payments

 

Whatever is Delia going to do? 😂

If that happens we will cease to be a yoyo club and become a dodo club (extinct)

[hogesar 9,773]

5 minutes ago, Faded Jaded Semi Plastic SOB said:

How do we "take advantage" of the system?, unless you are suggesting we get relegated on purpose?............

People get easily confused. That we benefit from a system in place which we had nothing to do with the creation of is nothing like taking advantage. 

[Capt. Pants 4,298]

The Championship has undoubtedly lost it's magic because of them but as a result the Premier League may well become a closed shop as promoted teams will not have any safeguard for building a competitive team to stay there.

 

[Greavsy 2,457]

My understanding is that parachute payments are paid, on a reducing scale, for 3 years following relegation. 

However if a team in receipt of parachute payment gets promoted they cease being in receipt. 

Im sure i heard in this scenario the money not paid is distributed via the EPL teams. Happy to be corrected by someone itk on this. 

[cornish sam 966]

 

1 minute ago, Capt. Pants said:

The Championship has undoubtedly lost it's magic because of them but as a result the Premier League may well become a closed shop as promoted teams will not have any safeguard for building a competitive team to stay there.

 

Was just typing similar. It will come down to purely money in the champs as well as the prem, the championship still won't become a better competition, just the teams yo-yoing will change to those with wealthy backers...

[nutty nigel 7,649]

I think there were 5 teams with parachute payments in the championship last season. 4 with wealthy backers and the winners.

 

[Midlands Yellow 4,111]

At least we’re at the top of the table for these juicy payments. 

[Petriix 2,853]

I'd argue that it's slightly more ethical relying on a redistributed chunk of Premier League money than relying on the money pumped in by billionaire owners, gained invariably through exploitation and environmental destruction. As uncompetitive as it is, our business model is a beacon of light in comparison to the majority of other clubs. 

[Newtopia 519]

This would be a disaster the payments allows clubs to sign players knowing they can pay them for 3 seasons, and not risk the club going bust.  As a result those promoted will not be able to sign high quality new players to try and stay up.

it will increasingly become an activity which will suit the only the richest owners.  How long after that will the owners need to be billionaires, and the club itself become irrelevant.

[glory.win or die. 270]

Iv never really thought parachute payments were fair however its ironic that a club like us who spend within our means,and earn the payments will be punished because of other clubs not spending within their means.

Football clubs having billionaire owners is the bigger issue. Football clubs should only be able to spend what they earn. Wages should be capped per league.transfer fees should be linked to wages ie if you pay £1000 pw that players fee is £100k, £10000 pw £1m . So if you want £100m for a player itches to be in a new contract with him on £100k pw 

[keelansgrandad 6,679]

1 hour ago, Greavsy said:

My understanding is that parachute payments are paid, on a reducing scale, for 3 years following relegation. 

However if a team in receipt of parachute payment gets promoted they cease being in receipt. 

Im sure i heard in this scenario the money not paid is distributed via the EPL teams. Happy to be corrected by someone itk on this. 

We will only get two years because we only spend one season in the EPL. You have to stay up for at least a second season to get three years.

[Greavsy 2,457]

9 minutes ago, glory.win or die. said:

Iv never really thought parachute payments were fair however its ironic that a club like us who spend within our means,and earn the payments will be punished because of other clubs not spending within their means.

Football clubs having billionaire owners is the bigger issue. Football clubs should only be able to spend what they earn. Wages should be capped per league.transfer fees should be linked to wages ie if you pay £1000 pw that players fee is £100k, £10000 pw £1m . So if you want £100m for a player itches to be in a new contract with him on £100k pw 

Theory is good to a point. 

Free transfers get paid nothing............Its the released players who usually get higher wages, as the buying club have saved on transfer fee. 

Plus as always clubs will find a way around it. 

 

[Greavsy 2,457]

Just now, keelansgrandad said:

We will only get two years because we only spend one season in the EPL. You have to stay up for at least a second season to get three years.

Thanks KGD - didnt realise it was capped at that end too. interesting. 

[Disco Dales Jockstrap 1,899]

50 minutes ago, hogesar said:

People get easily confused. 

Danke? Confused? Seems like an intelligent guy to me. Nice bloke as well. He also doesn't feel the need to have a dig at someone in nearly every post he makes - maybe there's a lesson for you there.

52 minutes ago, hogesar said:

That we benefit from a system in place which we had nothing to do with the creation of is nothing like taking advantage. 

That doesn't even make sense. In the slightest. 

We've made use of the parachute payments to help finance our current financial model - yes/no? If the parachute payments reduce, it may well make our current model completely unworkable, if it isn't already (in terms of Premier League survival). We take advantage of this opportunity to keep our club going.

The payments are currently unfair (through no fault of our own tbf - unless we have had input during Premier League meetings) and do create an imbalance. It is one of many imbalances in our game along with the Champions League monies, the TV deals etc etc. This imbalance just happens to favour us; it makes it no less wrong. There is of course a need for payments down the football pyramid - however, the current parachute payments are not fit for this purpose and need to be re-thought.

Anyway, I'm not sure what we have to worry about. Being a 'self-funded' club surely really means we need no outside income at all, doesn't it? Perhaps we should refuse the parachute payments on a matter of principle?

Or use the cash to re-build the city walls?

Give it to the poor perhaps?

Maybe buy a new Defensive Midfiel...now Disco...don't be silly.

OTBC

[ricardo 7,414]

If parachute payments cease it would kill the ambitions of any club that doesn't have billionaire backers. Clubs cannot survive in the Premier League on gate receipts and won't be able to offer big contracts for fear of relegation and bankrupcy. Its about the rich looking after themselves and barring entry to those of lesser means. Lets be honest the sporting integrity flew out of the window as soon as the Premier League was born

We have two options, get our own billionaire or accept a place much lower in the pecking order than we have been used to.

[canarydan23 4,062]

1 hour ago, hogesar said:

People get easily confused. That we benefit from a system in place which we had nothing to do with the creation of is nothing like taking advantage. 

It's a total ****ing joke that of all the injustices, all the systems that perpetuate unfairness in football, all the cheats that exist, they target this relatively minor injustice in comparison as the thing that needs to be acted on. And you actually get Norwich fans grumbling about how we "take advantage" of it.

What about the fact that you have teams that are basically paying their whole squad the same amount in a week as a single player in the same league, and are expected to try and compete with that? 

What about the fact that Chelsea could field not just a second 11, but a whole squad of players that they have out on loan who would probably survive in the Premier League?

No, let's just pretend we care about how ridiculously unequal football has become by dealing with something that won't have any meaningful impact on how dead it is as a sport.

[ricardo 7,414]

1 minute ago, Disco Dales Jockstrap said:

Anyway, I'm not sure what we have to worry about. Being a 'self-funded' club surely really means we need no outside income at all, doesn't it? Perhaps we should refuse the parachute payments on a matter of principle?

 

OTBC

As long as you are content with a position much further down the pyramid then this is a great idea.

[Mello Yello 2,306]

Will our parachute payments be candled in the wind?......

[Disco Dales Jockstrap 1,899]

Just now, ricardo said:

As long as you are content with a position much further down the pyramid then this is a great idea.

That was a little tongue in cheek Ricardo...but I am a firm believer in the parachute payment system being changed to a fairer system. The Fan Led review of Football Governance needs to be implemented for the good of the game. If that makes the leagues fairer for all clubs at the cost of some Championship teams losing an unfair advantage, then so be it.

OTBC

 

 

[nutty nigel 7,649]

If there were no parachute payments the relegated bigger clubs with mega rich owners would suffer most. That's why they brought them in to begin with. Imagine the likes of Newcastle getting relegated with so much deadwood on long contracts. Then having to compete in the championship with FFP.

[Mello Yello 2,306]

Never mind we got furlough.....