Parachute payments were introduced by the Premier League in the 2006/07 season as a method of limiting the financial damage a relegated team may endure when dropping down to the Championship.
Parachute payments also exist for teams that have been relegated from the Championship, League 1 & League 2 as well.
Unfortunately, parachute payments gives relegated clubs an unfair financial advantage over all those other clubs in those respective leagues where those relegated Clubs find themselves.
The evidence is there for all to see where we are now in the age of the yo yo club that gets relegated, then gets promoted again.
Parachute payments have clearly made the football league less competitive when it comes to clubs trying to gain promotion.
This state of affairs just cannot go on and needs to be addressed by the FA & EFL.
My suggestion would be to abolish parachute payments for relegated clubs, & distribute that money, that would have been used for parachute payments, to all the other league clubs.
I would also put a cap on transfers and wages in all four leagues, as a fixed lump sum in each league, not an amount based on percentage of turnover, which unfairly benefits the rich Clubs.
A good article on parachute payments follows.????
Premier League parachute payments gap 'a major concern' says EFL
https://www.bbc.co.uk/sport/football/65323385.amp
The club conducted a commendable interview with Matt Palmer. He seems eager to return, even though it might take some time. However, he should be ready by the start of the season. I’m excited to see him don the Notts shirt again.
Wouldn’t it be fantastic to have a team filled with players like Matt Palmer? It’s great to see him back, focusing on his fitness and working towards rejoining the starting line-up. He exudes quality, so I’m eager to see Palmer back in the squad on match days.
I've always been a big fan of Matt Palmer's. When we signed him I was over the moon because I knew what sort of quality he would bring. It surprised me that he stepped down to the National League to join us, especially when he was still only like, what 26-years-old? He really could have joined a League One/Two team and found himself back higher up the football pyramid quite easily.
I also genuinely believe he arrived here because he liked the project which was being built and could see Notts creating a team where he would thrive and most importantly enjoy his football. He's like that as a player, when he enjoys his football nothing can unsettle him or put him off his game. I don't remotely think he joined us because we offered the best wages, as that's not the type of person he seems to be. Having him back will be a massive boost to our squad, because players not only know what he brings but what to expect from him when he is in the team.
There's a reason why he's always in the squad selection on match days, and it's not just because he's consistent or hard-working.