FA Premier League Unveils £90m Handout

The FA Premier League has announced that it is to distribute more than £90m to
the clubs in the Football League over the next three seasons as part of a
‘solidarity package’.

The top flight’s new funding plan will be distributed down the football
pyramid, with £31.8m handed out next season.

The funding includes £5.4m for Football League youth development, plus £11.2m
to be split between Championship, League One and League Two clubs.

Clubs in the second tier of English football will receive an extra £11.2m
next season because Sunderland and Birmingham, who made an instant return to the
FA Premier League after winning promotion last year, will no longer receive
parachute payments.
This scenario leaves West Brom, Watford, Sheffield
United and Charlton as the four parachute clubs.

Last season’s fifth-placed club, Wolves, will receive £1,383,602, with the
sixth-placed club, Southampton, receiving around £75,000 less and so it will
continue until the club in 13th place, Cardiff, who will receive £775,909. Clubs
finishing 13th and below will all receive that amount.

League One clubs will receive £103,480 each, with £68,987 going to League Two
clubs.

Premier League chief executive Richard Scudamore said: ‘The Premier League
and our member clubs recognise the importance of the continued health of the
professional game at all levels.

‘This solidarity payment means that Football League clubs will have the
ability to increase investment in critical areas such as youth development and
community programmes.’

The Premier League’s new £2.7bn TV rights deal has bolstered its coffers
sufficiently to be fund the new package.