The Premier League distributes a formulaically derived financial payment to each English Football League (EFL) club every season. There are two mechanisms with which funds are calculated and distributed; these are known as "Parachute Payments" and "Solidarity Payments". The payments are linked to the value of the Premier League’s broadcasting rights. In the 2017–18 season the Premier League paid £243m in Parachute Payments split amongst 8 clubs,[1] and £100m in Solidarity Payments split amongst the remaining 64 clubs.[2] This compares to £88m of UK TV revenue the EFL distributed to its 72 clubs for the 2017–18 season.[3]
- ^ "What Aston Villa, Sunderland, Fulham and Cardiff earned from parachute payments this season". 6 June 2018. Retrieved 24 August 2018.
- ^ "Premier League value of central payments to Clubs". Premier League. 17 May 2018. Retrieved 24 August 2018.
- ^ "Sky pay £600m for EFL rights; clubs can stream". 12 September 2017. Retrieved 24 August 2018.