The new deal would see cash from the top flight distributed to clubs in the leagues below based on league position and would be worth close to £4million to those at the top of the Championship, on top of the £5.19m.
in “solidarity payments” that all are set to receive this season, barring those in receipt of parachute payments which are still far higher.
The Times report notes that the first season of parachute payments are worth £44m to second tier sides, the second £36m, and the third £16m.
West Brom are now flying solo without the benefit of that safety net for the first time in 20 years, having only received two of the three seasons of payment due to only being back in the top flight for one year on their last visit [Swiss Ramble, 10 July].
A settlement between EFL sides and Premier League clubs is set to be agreed which would stand to benefit financially precarious West Brom.
According to Martyn Ziegler in The Times (14 September) a meeting set for next Thursday (21 September) will see top flight sides asked to sign off on a deal to increase financial compensation to the lower leagues, with Championship clubs then meeting the following week.
Sources close to the situation have reportedly indicated that agreement is “in sight” on money after talks that have been “ongoing since last year.
And with the club having had to dispense with a number of players over the summer, including Dara O’Shea to Burnley for £7m, to contend with a perilous financial situation which became clear in the wake of the Albion’s most recent accounts being released [The Athletic, 31 March] the prospect of a seven-figure windfall could mean a lot at The Hawthorns.
Parachute payments are a point that is still at the centre of “disagreement” regarding the new deal, so what happens with them remains to be seen.
Carlos Corberan will obviously be aiming to make the increased money a moot point by securing promotion, but in light of the departures it may be a step too far, so greater compensation should West Brom’s stay in the second tier stretch into a fourth season would help.
But amid ongoing uncertainty around the club the fanbase will just have to hope that the manager can finish high enough for it to make a difference and not prove to be a drop in the ocean.