SM
Barcelona vs. Brann: 3 hrs 49 mins
Upcoming predictions and previews

Football League to increase relegation parachute payments

:Headline: Football League to increase relegation parachute payments: ID:256004: from db_amp
The Football League announces that it will distribute more money to clubs relegated from League Two in an attempt to prevent "financial trauma".

The Football League has announced that it will increase parachute payments to clubs relegated from League Two to the National League from 2016-17.

The two clubs relegated from the fourth tier of English football currently receive 50% of the equivalent Basic Award payment that League Two teams are given for a season in the division.

However, from the start of next season, they will instead be awarded 100% of that payment in their first year following relegation, and 50% the following year, unless instant promotion back to the Football League is achieved.

The Football League's chief executive, Shaun Harvey, revealed that this change was being made in an attempt to prevent clubs falling into "financial trauma" after losing their League status.

Harvey said: "In recent seasons we have seen a number of clubs suffer severe financial trauma following relegation from The Football League and in some cases fold altogether.

"As a result, it became increasingly clear that we needed to review existing arrangements and address our approach to managing the financial transition for clubs in these circumstances.

"I would like to pay tribute to our clubs for taking this decision. It is testament to their collective solidarity, given that the League's financial distribution formula means that the bulk of this money will come from funds that would otherwise be provided to Championship clubs, who are ultimately the least likely to benefit from it."

Dagenham & Redbridge and Yeovil Town currently occupy the two League Two relegation spots, with both clubs three points adrift of safety.

amp_article__256004 : Database Data restored...  : 
last updated article - 2015-11-07 21:55:21:
html db last update - 2021-02-21 01:30:23 :

ex - 7200 : read : read cache amp html

Click here for more stories about Shaun Harvey

Click here for more stories about Yeovil Town

Share this article now:
Read more about Shaun Harvey Football
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Yeovil TownYeovil40258769402983
2Chelmsford CityChelmsford City412210967392876
3Braintree TownBraintree4019111056381868
4Hampton & RichmondHampton3919101058471167
5Maidstone UnitedMaidstone3919101056461067
6Worthing402061484651966
7St Albans CitySt Albans City401961570571363
8Farnborough TownFarnborough411712126962763
9Aveley41189145854463
10Bath City3917111163471662
11Chippenham TownChippenham401512135853557
12Slough TownSlough391511136860856
13Tonbridge AngelsTonbridge Angels411510166158355
14Weymouth391214135558-350
15Weston-super-MareWeston38146185262-1048
16Hemel Hempstead TownHemel Hemps.40129194761-1445
17Torquay UnitedTorquay Utd39166176166-544
18Welling UnitedWelling United401014165269-1744
19Truro CityTruro City35126174855-742
20DartfordDartford401010204962-1340
21Taunton TownTaunton Town36913144156-1540
22Eastbourne BoroughEastbourne39108214266-2438
23Havant & WaterloovilleHavant & W'ville4096254777-3033
24Dover AthleticDover Athletic40314233770-3323
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .