Parachute Payment

[Kingsmills]

Given that it might well be an issue at the end of the season if we carry on at this rate, what's the current level of the SPL parachute payment ?

I know that a few seasons back it was ?250.000 for the first year and ?125,000 for the second. Has it increased since then ?

Edited November 4, 2008 by Kingsmills

[KingBeastie]

...and a get well soon card.

[Alex MacLeod]

Seem to remember a total of a million being quoted when Pathetic Spittle went down.

[Scotty]

Seem to remember a total of a million being quoted when Pathetic Spittle went down.

Nowhere near that figure ... a million is what they said they would sue for because its what it cost them to build their extra stand or something like that.

I believe it is indeed 250K in season 1 and 125K in season 2 .... at least it was that amount in 2006. It may have increased a little with the new Setanta deal but I would be surprised if it is anything over 300/150K for seasons 1 & 2 at maximum.

[Caley Stan]

It certainly hasn't helped any of the teams that have gone down in recent years.

What's the difference in turnover between a bottom 6 SPL team and a top half First Division one?

[caley100]

Its a bit early to be talking of the parachute payment, there's a long way to go and Hamilton are poor so i'd rather talk positive.

[Fanoffooty]

Its a bit early to be talking of the parachute payment, there's a long way to go and Hamilton are poor so i'd rather talk positive.

Hamilton arent that bad , remember they beat us at home !

[SMEE]

Its a bit early to be talking of the parachute payment, there's a long way to go and Hamilton are poor so i'd rather talk positive.

Erm.....so are we!!

[Kingsmills]

I reckon that in the event of relegation our turnover will be down by well over a million even taking the parachute payment into account. More once the new Setanta deal kicks in.

[martinskye]

What is 'parachute payment'

[Kingsmills]

It's a modest payment made out of the SPL's tv revenue to go some way towards easing the financial plight of teams relegated from the top flight at least in the first two years.

[Scarlet Pimple]

It's called a parchute payment because it usually comes with a ticket to Arnhem.....

[Alex MacLeod]

It certainly hasn't helped any of the teams that have gone down in recent years.

What's the difference in turnover between a bottom 6 SPL team and a top half First Division one?

The TV revenue.

[Kingsmills]

and the rest, crowds of no more than about 1,800 paying not much more than half SPL prices as well as related reduction in commercial revenue. Also the sponsorship income from Clydesale Bank. In our case I bet that would be around ?1,400.000 in total only marginally offset by the parachute payment.