Karren Brady has £40million dig at Aston Villa
By Harry Sykes
Karren Brady has had a £40million dig at Aston Villa in her weekly Sun column for earning more for relegation that Leicester did for winning the title.
The outspoken West Ham vice-chairman pointed out the discrepancy that Villa should receive such a vast sum for such underachievement.
Brady was referring to the amount of parachute payments given to clubs relegated from the Premier League, which is now under review amid concerns that the system is being misused.
The leading six clubs are questioning whether payments of up to £90million for relegated sides is encouraging them to pocket the money rather than invest in their squads to stay up.
Informal discussions were due to take place when chief executives met at a Premier League shareholders meeting on Thursday of this week.
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Brady explained that Villa’s reward for relegation for the following three years is £40million of payments from the top flight, which is more than the merit payment Leicester got for winning the title last season.
“Parachute payments are so helpful to relegated Prem teams — but it’s not a perfect science,” wrote Brady in her weekly Sun column. “Aston Villa, for example, got more from going down than Leicester earned for winning the title, £40million to £24.7m.
“So it’s no wonder that payments are to be reviewed. Look at chairman Karl Oyston, who is believed to have profited hugely from Blackpool’s struggles.
“Maybe clubs should get an amount of cash, dependant on how long they were in the top flight.”
Parachute payments were introduced to safeguard clubs who dropped into the second tier having spent heavily on transfer fees and wages.
But there is increasing disquiet that the parachute payments are not encouraging clubs to invest in players to make the Premier League more competitive.
Hull are being cited as an example, selling Jake Livermore and Robert Snodgrass in January to record an overall transfer profit of £7.7m since winning promotion.
In other Aston Villa news, talks are to get underway as a proven Premier League performer wants to join the Midlands club.