Parachute boost is knocked back
A move to double parachute payments for clubs relegated from the Premier League ended in deadlock after League One and Two chairman blocked the move.
Fears the change being proposed by the Premier League – which would see payments rise from 24m over two seasons to 48m over four years – would affect the balance of competition led to an impasse at a meeting of the 72 Football League clubs.
It is understood that Championship clubs were broadly in favour of the increase but those in Leagues One and Two generally against.