A meeting at St Georges Park yesterday resulted in quite a significant financial boost for most football league clubs. The statement said it was a “double financial boost”.
Significant points are the one year extension of existing domestic broadcasting agreement between the Football League and Sky
There is also a rolling solidarity agreement between the Football League and the Premier League that will see a portion of Premier League television revenues re-distributed to FL clubs. It`s the first contracted link in revenues since the PL inception in 1992.
Parachute payments to relegated PL sides will be reduced from 4 to 3 years with existing championship clubs being given 30% of a third year parachute payment. That filters down to 4.5 and 3% to divisions 1 & 2.
The full statement is available on the Football League web site
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