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Notts to receive parachute payment after relegation

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TM1993

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May 16, 20197 yr

#16

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.

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BigBill

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May 16, 20197 yr

#17

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

AmericanPie

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May 19, 20197 yr

#18

Better with it than without.

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

When people ask what 'American Pie' is about, they're missing the point. The song isn't about the lines themselves - it's about what is between the lines. The song is about what isn't there.

Don McLean