Football regulator will not reduce relegation parachute payments
Money is given to clubs dropping out of Premier LeagueFootball bill published by government on Thursday
The English football regulator is to be instructed not to reduce the amount relegated Premier League clubs receive in parachute payments, according to new legislation. The bill, which was published by the government on Thursday and has begun its progress through parliament, says any financial redistribution agreements determined by the regulator “should not … result in a lower amount of relegation revenue being distributed to a club”.
This appears to confirm the message given by the secretary of state for culture, media and sport, Lisa Nandy, who promised Premier League clubs on Wednesday that parachute payments would not be abolished even though they have been brought into the regulator’s scope by Labour.
