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Parachute payments to be increased for Premier League's relegated clubs
THE Premier League's relegated clubs are set to be given a helping hand due to a change in parachute payments.
Currently clubs that drop down to the Championship receive £48m over four years, however now they are set to receive in excess of £60m over a four-year period from next season.
As it stands, Reading, QPR and Wigan will be the beneficiaries of the new payment scheme.
Last month, all the Championship clubs' chairman met to discuss the new parachute payment idea, but nothing came of it.
The parachute scheme changed in 2010 when the payments were spread over a four-year as opposed to two-year period.