Spotted this on the STV website. Looks like we will be getting the parachute payment.

The bottom six

The maximum that can be made by a bottom six club is £1.21m, which is the amount on offer to the team which finishes in seventh spot.

The financial gap from place-to-place is then £52,750 by position. That means the team in eighth earn £1.16m, ninth get £1.1m, tenth receive £1.06m, 11th spot earns £1m and the bottom cub get £949,500 in prize money.

The bottom side also receive a parachute payment of £300,000 in the following season, and a further £150,000 if they remain out of the Premiership the year after.

If a team is relegated through the play-offs, they receive a parachute payment of £500,000 in year one and £250,000 in year two if required.

Get the first round in at The Hole in the Wall. 

I'm sure we got about half that last year for finishing seventh.

Wonder what you get when you win the Championship or getting promoted through the play offs?

It's all in the article link I provided above.

The rest of the SPFL

A total of 82.3% of the total SPFL prize pot is shared by Premiership clubs, leaving £3.75m to be shared amongst the other 30 teams.

The Championship winners pocket the highest amount, taking in £474,450. The teams taking part in the play-offs receive £400,900, £337,600 and £274,300 for finishing second, third and fourth respectively.

The winners of League One get £105,500, while the champions of League Two earn £56,970.

 

Factor in lower crowds, loss of commercial revenue and lower ticket prices and the cost of relegation in the first season is in the region of a million pounds. Considering that without windfalls in the form of cup runs or transfer fees we tend to run at an annual loss of circa £300,000 from a typical mid table season in the Premiership that is a painful hit for a club with our resources.

Looks like the parachute payment will come in handy.......

So for finishing bottom of the premiership (shudder having to call it this), we get 950,000 prize money, plus a parachute. If we finish 5th next season for example it drops to roughly 200,000 prize money. Ooya, harsh!

Would the Board spend part of  that money to pay off our current manager  to secure his release from all and any contractual relationship though?