Newly-promoted Ipswich Town are set to share in a £103m windfall payment from the Premier League to its clubs.
Football finance expert Kieran Maguire explained that, because Leicester City and one from Leeds United or Southampton - who meet in the Championship Play-off Final a week today - will be promoted straight back to the top tier this season, the Premier League will save cash on parachute payments.
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They won't have to hand over £35m to two of those three sides in payments for their second season after relegation, or the £16.5m due to them in their third season after the drop.
Instead, that £103 will be shared out among the 20 clubs who make up the Premier League - which of course now includes Ipswich Town.
That works out at roughly £5.15m per team.
Maguire tweeted: "Leicester & one of Leeds/Southampton will be promoted to the Premier League.
"This will save Premier League £103m in parachute payments to two of those clubs.
"That £103m will be split between Premier League Clubs after a vote by Premier League Clubs. Self regulation = self interest."
Leicester & 1 of Leeds/Southampton will be promoted to the Premier League. This will save Premier League £103m in parachute payments to 2 of those Clubs. That £103m will be split between Premier League Clubs after a vote by Premier League Clubs. Self regulation =self interest pic.twitter.com/q96wsRcL0Z
— Kieran Maguire (@KieranMaguire) May 17, 2024
On top of that bonus, it's estimated Town will make an extra £125m in their first season back in the Premier League, based on recent data shared by Maguire.
He said that figure had "increased substantially" over the last decade.
How much extra income will a team make in their first season in the Premier League? Based on recent data it is looking like £125m, which has increased substantially over the last decade or so. #ITFC pic.twitter.com/dD49O18RF3
— Kieran Maguire (@KieranMaguire) May 4, 2024
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