By Kieran Maguire

17th Oct, 2021 | 7:00pm

Kieran Maguire: West Brom could 'really struggle to recruit' after Parry reveal

Kieran Maguire has claimed there is an increased chance of the likes of West Brom becoming a yo-yo club if parachute payments are scrapped.

Speaking exclusively to Football Insider, the football finance expert fears promoted sides will struggle to recruit players if the change is made.

As quoted by Sports Pro Media (12th October), EFL chairman Rick Parry has reiterated calls for parachute payments to be abolished.

West Brom are one of the clubs currently in receipt of the payments following their relegation last season.

Maguire revealed that the abolition of parachute payments would prevent promoted clubs from offering players decent contracts.

“Parachute payments are a very clumsy solution to the fact that there is such a gap and clubs like West Brom have benefitted,” he told Football Insider.

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“The EFL is brilliant. I support a club that has spent 95 per cent of its existence in the EFL. The three divisions are amazing but its level of success has been very modest compared to the Premier League.

“The problem is the Premier League’s been too successful, financially, when you compare it to the rest of the football period.

“To compete in the Premier League you have to pay a decent level of wage. There are relegation clauses in contracts and the average decrease in wages when a club is relegated is around 40 per cent. If we were to get rid of parachute payments you would see that increase to about 70 per cent.

“Under those circumstances you would really struggle to recruit players. Therefore, it would increase the likelihood of clubs like West Brom being a yo-yo clubs. These clubs would not be able to offer players decent contracts when they get promoted.”

In other news, Gabby Agbonlahor has hit back at critics of Robinson after a West Brom reveal.