Why Town will share in £103m windfall from Premier League – and how much they’ll get

Why Town will share in £103m windfall from Premier League – and how much they’ll get

Ipswich Town, who were recently promoted, are expected to split a £103 million windfall bonus from the Premier League.

According to football finance expert Kieran Maguire,

because Leicester City and one of Leeds United or Southampton – who face off in the Championship Play-off Final a week today – will be promoted back to the top division this season, the Premier League will save money on parachute payments.

They will not have to pay £35 million to two of those three sides for their second season after relegation,

or the £16.5 million owed to them in their third season after relegation.

Instead, £103 will be distributed among the Premier League’s 20 clubs, which now include Ipswich Town.

That works out to approximately £5.15 million per squad.

Maguire tweeted: “Leicester and one of Leeds or Southampton will be promoted to the Premier League.”

“This will save the Premier League £103 million in parachute payments to two of its teams.

“The £103 million will be distributed among Premier League clubs following a vote. “Self regulation equals self interest.”

In addition to that incentive, recent statistics released by Maguire suggests that Town will earn an additional £125 million in their first season back in the Premier League.

He stated that the statistic has “increased substantially” during the last decade.

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