Kieran Maguire: West Brom could bag multi-million stimulus 'through the backdoor' as talks begin
The redistribution of EFL solidarity payments on a merit basis would effectively be parachute payments “through the backdoor” for the likes of West Brom.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about plans to alter the flow of money throughout the EFL.
Per The Times last Monday (25 April), talks are underway to reassess the trickle-down of cash from the Premier League.
The same outlet reported last Wednesday (27 April) that the top flight wants the redistribution to be based on league position.
It is understood that the redistribution will likely be worth hundreds of millions to Championship clubs.
The abolition of parachute payments, which West Brom currently receive following their relegation last season, is also on the agenda.
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But Maguire claims that the reallocation of Premier League cash on a merit basis would effectively be parachute payments in all but name.
“People might ask if this going to be parachute payments through the backdoor,” he told Football Insider‘s Adam Williams.
“The proposal is that the side finishing at the top of the Championship gets 160 per cent of the club finishing bottom.
“I do think it will reduce the financial gaps between Championship clubs but the devil will likely be in the detail.
“It is good of the EFL to say they will keep it to 160 per cent of the side finishing bottom, but it’s easy to say that with someone else’s money.”
West Brom are currently 10th in the Championship.
They conclude their season at home to Barnsley on Saturday (7 May).