West Brom will receive less money from parachute payments if they are relegated this season than they would if they were to go down in 2021-22.

That is according to finance expert and Football Insider columnist Kieran Maguire, speaking exclusively after it was revealed that West Brom had made a £23.7m loss for the 2019-20 financial year.

Turnover fell from £70.8m to £53.7m for a set of accounts that was extended to a 13-month period to take in the prolonged 2019-20 campaign.

West Brom were promoted as runners-up in the Championship that season but are currently fighting what looks like a losing battle for survival in the top-flight.

Parachute payments are handed out to help teams manage the decline in income following relegation but are reduced if a team goes down after just one season in the top-flight.

Maguire highlights that Albion are in a generally healthy place financially but that the reduced parachute payments could come as a blow to the club.

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“If they do go down, they might be in a worse position,” he told Football Insider correspondent Adam Williams.

“Because they were relegated in the first season following promotion, they will then only be in receipt of two year’s worth of parachute payments as opposed to three.”

“So there might be some issues there. The club has performed well overall, though.

“They don’t have any debt and they are used to adjusting from the Premier League to the Championship and vice versa. I suspect they have a big file on parachute payments.”

West Brom beat Chelsea 5-2 at Stanford Bridge on Saturday, ending Thomas Tuchel’s 14-match unbeaten run as Blues boss.

However, Sam Allardyce’s side are still eight points from safety with eight matches remaining.

In other news, things will get “heated” if 53-year-old appointed West Brom manager amid reports.