Notts to receive parachute payment after relegation

[Magic magpie]

It seems that Notts county are in line to receive a parachute payment Of £500,000 after relegation and another £250,000 next summer. 

That should hopefully help us surly.?

for the full story click the link below

https://www.nottinghampost.com/sport/football/football-news/500000-parachute-payment-provide-relief-2847063

[DangerousSausage]

To put it into context, that's less than one sixth of our wage bill. Still, every little helps

[Chris Website URL Visit Site 𝕏 fmcj10 Instagram fmcj10]

I'm surprised there is a parachute payment.

There was a person on Twitter who mentioned this, he compared it to a Premier League players weekly wage. It's quite silly, no wonder the modern game is all messed up. The Football League tries to ruin it for fans, clubs are biased and have favourites. It's all messed up.

[liampie]

good to know there is some income coming in, with 20 something players due to leave i think it would help more than some might think.

[Wilfordpie]

Beggars can't be choosers, the money will help however small that may be.

The clubs better off with it.

[Piethagoram 𝕏 @piethagoram]

The parachute payment is only because EFL television monies share will not be available. Net cost to Notts about 500k I believe

[SouthwestPIE]

Don't allow Alan Hardy to piss it against the wall, it needs to be put to some small use.

[Joshua]

As a founding member, Notts should have made a rule to give much more money.

[BESTpie]

It's better than nothing, I am surprised to learn it's half a mil!

I would have thought it would be closer to peanuts.

[cheeky~k8]

I just hope its not wasted on wages for players that need to be let go or not needed backroom staff.

[allardyces tash]

Its better than nothing, I wasn't aware that a parachute payment happened but the club should have put the worst case scenario into place so this past seasons wages might not be an issue.

[CliftonMagpie]

Its a decent payout, one I did not expect.

I hope the money comes as the season kicks off and to new owners.

[cheeky~k8]

Definetly wasnt expected but will it be spent wisely.

[Piethagoram 𝕏 @piethagoram]

I am extremely disheartened with the failure to understand the financial consequences. This is not "new" money, Notts received £1m as part of the TV deal monies as part of being a member of the EFL. That money is immediately LOST, in its place, just for one season, is a parachute payment of 500k.... so Notts have LOST net £500k income... I would imagine the parachute payment is paid monthly in instalments.

[upthepies]

It's £250,000 for two years @Piethagoram, that makes up the £500,000.

The club will get a lower amount for the Vanarama National League coverage, so some will come back but if we go based solely on the EFL it's £750,000 loss and another if Notts fails to gain promotion thereafter.

[TM1993]

17 hours ago, Piethagoram said:

I am extremely disheartened with the failure to understand the financial consequences. This is not "new" money, Notts received £1m as part of the TV deal monies as part of being a member of the EFL. That money is immediately LOST, in its place, just for one season, is a parachute payment of 500k.... so Notts have LOST net £500k income... I would imagine the parachute payment is paid monthly in instalments.

We can feel disappointed about being relegated, there was time to turn things around and the loss of income stems down to the lack of application.

This £500,000 split over two years seems more than generous.

[BigBill]

Thankful that the club receives some, I bet you wouldn't have done a short time ago.

[AmericanPie]

Better with it than without.

No need to complain about it, it is what it is.

[cheeky~k8]

Whatever it is, its much better than nothing.