Challenging parachute payments and unmasking English football`s finances

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.
© Copyright 2020 Managing Sport and Leisure. Taylor & Francis. All rights reserved.

Bibliographic Details
Subjects:
Notations:management and organisation of sport sport games sport history and sport politics
Tagging:Coronavirus
Published in:Managing Sport and Leisure
Language:English
Published: 2020
Edition:20. Juli 2020
Online Access:https://doi.org/10.1080/23750472.2020.1792745
Volume:27
Issue:1-2
Pages:93-98
Document types:article
Level:intermediate