I just do not understand why a team that gets relegated can be rewarded for failure. I get it that when it was introduced the teams in the premier league voted for it knowing that at least half the teams are under threat of relegation at some point and they are protecting themselves, but they are not protecting football at a lower level are they. wrong wrong wrong
The problem with no parachute payments is that when a club gets promoted, it will normally have to spend £10-£20m to have a chance of staying up, and in the process commit to a number of long term contracts. Without parachute payments, these clubs would either go bust if relegated, or not be able to complete in the Prem once promoted. If clubs didn't take the gamble of speding big once promoted, we might have a situation where every club that gets promoted bust gets relgated in the 1st year