UK time is: 07:33:47
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Cash Boost For Football League Clubs

Football League clubs, including Wednesday, will enjoy a cash boost thanks to a new three-year funding deal with the Premier League.

A deal worth 372m, or 124m per season, has been struck to aid Football League clubs financially, with some of the income from Premier League clubs being distributed amongst teams throughout the Championship, League One and League Two.

The move follows a decision by Football League clubs to introduce rule changes relating to financial regulation, transparency of ownership and ground criteria.

The deal will see Championship clubs bag 2.2m, League One clubs get 335,000 and League Two clubs get 225,000.

The main difference will come in parachute payments to clubs relegated from the Premier League, with a payment of 48m being spread over four years instead of 32m over two.

Premier League chief Richard Scudamore said: 'The financial strength of the Premier League has always benefitted the entire English game, but we are taking the unprecedented step of formalising arrangements so that the solidarity payments and the alignment of rules - in some fairly critical areas - are linked.

'The Premier League clubs felt strongly that a stronger Championship would be greatly beneficial to both competitions.

'It is a fact of life that we welcome three of their number each season and helping make sure those clubs coming up are prepared - both on and off the pitch - for life in the Premier League was something we felt these measures would achieve.'




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Nick Mail feedback, articles or suggestions

Date:Wednesday August 4 2010

Time: 7:04PM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Sheffield Wednesday Articles

Owls confirm Tom Lees signing (Friday August 1 2014)

Wednesday reveal squad numbers (Friday August 1 2014)

Gray to assess Contout at Barnsley (Thursday July 31 2014)

Owls edged out by Magpies in friendly (Wednesday July 30 2014)

Lees edges closer to Owls move (Wednesday July 30 2014)

Owls hit by Lavery injury blow (Tuesday July 29 2014)

Scunthorpe close on Llera deal (Tuesday July 29 2014)

Archived Sheffield Wednesday Articles

List All Vital Wednesday Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

League Results (view all)

Latest Results

League Table (view table)

Team P W D L GD Pts
18. Norwich 0 0 0 0 0 0
19. Reading 0 0 0 0 0 0
20. Rotherham 0 0 0 0 0 0
21. Sheff Wed 0 0 0 0 0 0
22. Watford 0 0 0 0 0 0
23. Wigan 0 0 0 0 0 0
24. Wolves 0 0 0 0 0 0

Breaking League News

Stephen Crainey Joins Fleetwood On One Year Deal
Wigan : 01/08/2014 22:18:00
LUFC Not looking good for Paddy Kenny
Leeds Utd : 01/08/2014 20:43:00
Winger agrees Boro deal
Middlesbrough : 01/08/2014 19:39:00
Benedicic to sign but Viviani looking elsewhere
Leeds Utd : 01/08/2014 19:00:00
LUFC Striker fit to face old club
Leeds Utd : 01/08/2014 17:18:00

Current Site Poll (view all polls)

Should the Owls give Gary Madine another chance?
Suggested By:  
Yes 81%
No 19%