"Too much focus is on cash flow at the top of the game rather than the chasms growing throughout the pyramid beneath it. For the past two Premier League seasons, the three promoted clubs have mustered anaemic efforts to stay in the league. In 2020/21, parachute payments from the Premier League to five recently relegated clubs totalled 233m three times as much as the other 19 Championship sides received in total."
"That only increases the pressure to overspend, prompting the rest of the EFL to do the same. It's not worth the risk ask fans of Bury, Macclesfield, Southend, Wigan or Morecambe. The Independent Football Regulator (IFR) will have power to look at all the elements of football's distribution mechanisms, with parachute payments high on the agenda. One change the IFR could implement is to send more money down the chain and distribute it more evenly."
Premier League leadership and directors of leading clubs opposed an independent regulator, highlighting resistance from the top of the game. Excessive focus on top-tier cash flow has deepened chasms throughout the football pyramid. Recent promoted clubs have struggled to remain in the Premier League, while parachute payments in 2020/21 to five relegated clubs totalled 233m—three times the amount received by the other 19 Championship sides combined. Clubs such as Bury, Macclesfield, Southend, Wigan and Morecambe illustrate risks from overspending and fragile finances. The Independent Football Regulator would examine distribution mechanisms, target parachute payments, and could redistribute revenue more evenly to boost EFL competitiveness and curb reckless spending.
Read at www.fourfourtwo.com
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