The Premier League distributes a portion of its television revenue to clubs that are relegated from the league in the form of "parachute payments". Starting with the 2013–14 season, these payments are in excess of £60 million over four seasons. Though designed to help teams adjust to the loss of television revenues (the average Premier League team receives £55 million while the average Football League Championship club receives £2 million), critics maintain that the payments actually widen the gap between teams that have reached the Premier League and those that have not, leading to the common occurrence of teams "bouncing back" soon after their relegation. For some clubs who have failed to win immediate promotion back to the Premier League, financial problems, including in some cases administration or even liquidation have followed. Further relegations down the footballing ladder have ensued for several clubs unable to cope with the gap.
Which operation divvys up media profit to teams?
Premier League