Promotion to the Premier League now worth £88m

[Messiah]

Due to more money coming in from overseas, from next season Premier League clubs will get a minimum of £40m a season solely from TV rights. Additionally, they are planning to increase the parachute payments to £48m over four seasons (currently £22m over two seasons). Meaning one season in the Premier League being worth £88m, in addition to all the other extra income that is generated (advertising, sponsorship, tickets etc), which is a shit load of cash.

The Premier League are also looking in to increasing the solidarity payments to the Football League to £100m a season from the current £21m. Not sure what this includes though, its possible it includes the parachute payments though they normally talk about the two separately.

Whilst I'm all in favour of more money filtering down the leagues, those parachute payments are worrying. If the clubs used them to transition to life in the Championship then fine, but that isn't what happens or will happen - the clubs will piss it away trying to get promoted again. If it all goes wrong they'll be in an even bigger financial mess.

Maybe they need to add some conditions to the parachute payments to stop clubs pissing it up the wall?