Challenging parachute payments and unmasking English football’s finances

WILSON, Robert, PLUMLEY, Daniel, MONDAL, Sarthak and PARNELL, Daniel (2020). Challenging parachute payments and unmasking English football’s finances. Managing Sport and Leisure.

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Official URL: https://www.tandfonline.com/doi/full/10.1080/23750...
Link to published version:: https://doi.org/10.1080/23750472.2020.1792745
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    Abstract

    This commentary provides a rapid analysis of the impact of COVID-19 on English football’s finances. The focus surrounds the distribution of wealth and financial disparity between clubs in the English football system leading to overspending and potential insolvency. We consider the impact of broadcast rights distribution, solidarity payments and parachute payments and provide strategic direction for a collective recovery. The intention is to stimulate discussion and analysis on how football governing bodies can use the COVID-19 pandemic to reset the finances of English football. Such discussion provides a more balanced, competitive suite of competitions that tackle financial inequality and put aside self-interest. We reposition the winner takes all narrative, requesting clubs to reflect on the sporting product that has led to both success and failure at an individual club level.

    Item Type: Article
    Identification Number: https://doi.org/10.1080/23750472.2020.1792745
    SWORD Depositor: Symplectic Elements
    Depositing User: Symplectic Elements
    Date Deposited: 22 Jul 2020 15:31
    Last Modified: 22 Jul 2020 15:31
    URI: http://shura.shu.ac.uk/id/eprint/26706

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