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Page last updated at 12:37 GMT, Friday, 9 April 2010 13:37 UK

Decision on extending parachute payments due in June

Newcastle manager Chris Hughton
Newcastle were relegated in 2009 but have bounced straight back

Premier League clubs will decide in June whether to extend parachute payments for relegated clubs from two years to four years.

The proposal is part of a package of solidarity payments for Football League clubs and a decision is due at June's Premier League clubs' AGM.

However, it is understood that any change would not go through without the consensus of the Football League.

The parachute payments are this summer due to rise from £12m a year to £16m.



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see also
TV overseas deal for top flight
30 Mar 10 |  Premier League
Football League offered 90m deal
22 Jul 07 |  Football


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