Quote Originally Posted by Rjk View Post
Why would you assume that the parachute payments are paid at the end of the year?
I've never seen anything to suggest that was the case.
In any case we will receive about 35 million less next season than we will this season, so we will need to budget accordingly.
At the end of the season we were relegated from the Premier League, we would still have been in receipt of that seasons TV and rights money which was not finally calculated until the League finished and our position was known. The parachute payments were for the following two seasons, the second one of which has just ended. Therefore it is entirely likely that the parachute payments are made at the end of each year. Also the parachute payments are 55% for the first year and 45% for the second, so actually drop by about £6m, not £35m. TV money to all clubs is mainly paid out at the season end, with possibly interim payments around the New Year.