Parachute payments update emerges impacting Burnley, Sheffield United, Luton Town & Leeds United
It was a disappointing campaign for all three, particularly Burnley and Sheffield United compared with Luton’s attempts, and despite sides like Everton and Nottingham Forest receiving points deductions, the three promoted clubs all made an immediate return to the Championship.
It highlights the gulf in quality between the Premier League and the Championship, which has grown in recent seasons, with the money on offer in the Premier League dwarfing the second tier.
Thus, that makes it hard for Championship clubs to compete when promoted. However, they are all likely to compete this season, with only Leeds continuing to receive parachute payments, with Norwich City, Watford, and West Bromwich Albion running out of such financial advantages over the last couple of seasons.
Of last season’s parachute payment teams, Leicester City and Southampton, both of whom were relegated to the Championship in 2023, made an immediate return to the Premier League, whilst the other relegated club, Leeds, finished third and reached the play-off final.
Those three are aided by the likes of parachute payments, more saleable assets, and the expectation, therefore, was always that they would compete at the top end of the division to bounce back to the top-flight at the first time of asking, be that from their own fans or those of other teams in the second tier.
Luton Town, Burnley, and Sheffield United recieve timely financial boost
With parachute payments in their bank accounts, the trio relegated from the Premier League this season will surely be confident of making an immediate return to the top-flight next season, as was the case in 2023/24.
Martyn Ziegler of The Times has the latest on some of the proposed changes, which will continue to benefit clubs with parachute payments. In particular, Burnley, Luton, and Sheffield United are receiving increased payments in 2024/25.
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