Stunning Parachute Payments revealed: How much Newcastle and other Championship clubs each got this season
Over £219m has been paid out to Championship clubs who competed in the 2016/17 season.
That’s right, over £219m was shared out between seven clubs in the second tier.
To be exact, an astonishing £219,117,013 was banked by the lucky seven.
These are the figures as revealed by sports finance experts Sporting Intelligence:
£40,915,922 Aston Villa
£40,915,922 Newcastle United
Naturally the headlines will be made by Newcastle and Aston Villa, as well as to a lesser extent Norwich.
Newcastle because they received a £41m advantage over all but six of the other 23 Championship teams, no matter that Rafa Benitez made a £40m profit in last summer’s transfer market to help fund the bounce back mission.
Whilst Villa will quite rightly get stick for wasting so much of that money on players not up to the job.
As for Norwich, they probably can count themselves pretty lucky that both Newcastle & Villa distract a lot of attention away from their failure to use the money wisely last season.
There are other interesting tales to tell, such as QPR still getting over £31m but in their case it disappears into that big black hole of debt they built up.
Wigan relegated despite picking up more than £16m in parachute payments for this campaign.
Whilst Fulham and Reading’s promotion near misses maybe weren’t quite so plucky, each picking up over £16m in parachute cash whilst promoted Huddersfield had a total turnover this season of only £11.3m!
Interesting to see how the likes of Sunderland, Middlesbrough and Villa will use their parachute payments advantage next season.
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