Hammers get share of economic bonanza

By Sean Whetstone

West Ham will get a share in a £66m bonanza because of Scott Parker’s Fulham and Bournemouth who’ve been promoted again to the Premier League.

Each Fulham and Bournemouth had been attributable to obtain parachute funds within the subsequent two seasons however these funds will now be break up 20 methods amongst all Premier League golf equipment together with Fulham and Bournemouth

Within the first yr after relegation, the parachute fee is 55 per cent of the quantity that every Premier League club receives as a part of its equal share of broadcast income.

Based mostly on the newest figures, that share is roughly £42.5m. The share is decreased to 45% within the second yr (roughly £35m) and 20% within the third yr (roughly £15.5m).

Fulham had been due £35m subsequent season and £15.5m the next season, and Bournemouth had been due £15.5m of their ultimate parachute season from the Premier League.

Every Premier League club together with West Ham will now pocket £3.3m with £2.5m every subsequent season and £0.8m the next season.

Author: Londonlad

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