Massive parachute payments make Ipswich Town’s task even harder next season
- Credit: Warren Page
The scale of the financial disadvantage which Ipswich Town face in the Championship next season has been laid bare - as it emerged all three of the clubs relegated from the Premier League come down with more than £90m each.
Mick McCarthy has long had to scrimp and save in his time at Town, but the gap between the Championship haves and have nots looks set to continue to widen.
Sunderland pocketed just under £93.5m for being relegated in 20th place, with Middlesbrough and Hull both coming down with more than £95m.
In addition, the clubs relegated in previous seasons are still getting big parachute payments.
Rivals Norwich City, along with relegated duo Aston Villa and Newcastle United from 12 months ago, were paid £40,915,922 each last season, as part of the package designed to enable relegated clubs to adjust to lower revenue streams back in the Football League.
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Norwich were one of seven Football League clubs who received a parachute payment, in a cumulative pay-out of £219m. The likes of QPR, Fulham, Cardiff, Reading and Wigan were also paid smaller sums, as part of existing arrangements, following their respective top flight demotions over recent years.
With Town set for a 16th straight season in the Championship, their task looks harder than ever.
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