Any ideas? From what I can see the payments to Championship clubs next season are 30% of the third year's parachute payment with L1 clubs getting 4.5%. So we lose 25% of the 3rd year parachute payment? Estimates for total parachute payments I have seen suggest a rise from £64 million (total over 4 years) to £80 million (total over 3 years). Payments decline each year so the 3rd year is not a third of £80m but something less. But it must be at least £15m so our loss would be getting on for £4m per season. Is this in the ballpark or have I missed something big here?
Next seasons championship money is a vast increase on this, add to that approx 20% less crown (home and away) less corporate, who wants to watch a team in decline, etc etc I'd say £18m. Add to this if we ever do get back up the gap will be even bigger. It will be like rugby same teams up-down-up-down.
I have to say it would be disastrous and seeing as we want to be an established Championship club that could be earned in 10 seasons would take double or more that time. On the other hand we're stuck with a lot of contracts to players that would even struggle at L1, the budget being overspent so wisely on these we're totally stuck until some other suckers take them or they expire. I reckon we need to spend upward of 2m quid to get the calibre of players to stay in this league- not gonna happen is it
Thanks, Brad. So total annual loss of probably upwards of £10m and as Exeter points out lots of dross not easy to get rid off. One of the weakest and least attractive squads at RUFC I can remember. A Snakes and Ladders game ending in L2 not out of the question. Evans and Stewart only had to build sensibly on the promotion squad to get a competitive Championship side but bewteen them screwed up completely.