Nottingham Forest, Fulham and Bournemouth in huge £100m-plus boost as Premier League confirm parachute payments
PROMOTED trio Fulham, Bournemouth and Nottingham Forest have been given a near-£100m boost.
Premier League chiefs confirmed they can bank on receiving massive parachute payments even if they go down.
EFL chairman Rick Parry is arguing strongly for the payments to be ended, claiming they artificially warp competition in the Championship and fuel unsustainable spending sprees.
But the three clubs were given assurances at this month’s Prem AGM in Harrogate that even if changes to the financial distribution model are agreed in ongoing talks, they will not affect current top flight outfits.
And that means even if they go down the three new boys can be assured of picking up at least £106m in TV income in the 2022-23 season and a further £99m over the next two years.
Under the present regime, relegated clubs are given 55 per cent of the “equal share” to all 20 Prem clubs.
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This accounts for both domestic and international deals, with 45 per cent of this also available in the second season after the drop.
Prem chiefs have consistently argued the financial certainty the payments provide gives promoted sides the confidence to spend and improve their squads for the top flight and give them a better chance of survival.
While the current domestic TV deals, worth £17bn per year, will remain unchanged as it rolls-over, the international segment will rise by 30 per cent, to £1.8bn per season, over the next three years.
It means the equal share, before merit money and TV appearances are taken into account, will be worth £98.9m for each of the 20 clubs.
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That adds up to Forest’s play-off win over Huddersfield having been worth a staggering £204m to the City Ground outfit and potentially even more.
And the newly promoted sides are busy in the market already this summer, with Nottingham Forest looking set to sign Dean Henderson on loan and Fulham eyeing a move for Everton flop Moise Kean.
Newly-promoted Bournemouth are also set to add West Ham ace Ryan Fredericks to their ranks after his contract with The Hammers expired.