Apart from the figures and facts from the deal there seems to be very little interest in the actual implications of what it will bring for the teams outside of it.
The club finishing 20th next season will win more prize money than the club crowned as champions this season. Parachute payments will also increase as a result.
You have the examples of the relegated teams this season as a comfort, Rhodes for £8m etc but over time these exceptions will surely become less and less.
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West Ham have reached an agreement with an offshore lending company in the British Virgin Islands to borrow all £60million of their next season's Premier League television money in advance, Inside Sport can reveal.
The deal with the Vibrac Corporation was sealed six months ago on September 10, and the associated paperwork, which has been filed at Companies House, shows Vibrac have effectively become a 'payday loan' firm for the Hammers to help them manage their debts, which currently stand at a net £70m.
Astonishingly, one source claims the practice of mortgaging TV revenue is becoming 'really common in the Premier League'.
He added: 'We think there are six other clubs currently doing it.'
If West Ham retain their Premier League status as expected, their income from Premier League TV cash alone will be at least £60m in the 2013-14 season.
That is the maximum sum West Ham will be able to have advanced to them from Vibrac once safety is a mathematical certainty.
The club have already drawn a chunk of cash under the agreement, believed to be around £10m, and this has been used to help repay historic debt inherited when co-owners David Sullivan and David Gold bought the club three years ago.
The maximum sum West Ham could have drawn so far on the deal is £16m, which is the amount they are guaranteed to get from the Premier League next season in 'parachute' money, even if relegated this season.
Arguably the most extraordinary part of the Vibrac agreement is it illustrates that despite all the riches available to members of England's elite division, many clubs still need to borrow more to stay on top of their finances.
It is known that Southampton and Everton are among others who have used Vibrac in a similar fashion.
The most infamous example of a club borrowing big sums against future income was at Leeds under Peter Ridsdale in 2001 as they 'lived the dream'.
In that case, Leeds borrowed £60m against future gate receipts - and ended up in meltdown.
West Ham's debts topped £100m when Sullivan and Gold took over, and the latest available club accounts, for 2011-12, show Gold and Sullivan injected £32.2m of their own money in loans in that period.
This was in the wake of relegation in 2011 and helped fund their immediate return to the Premier League.
West Ham insiders stress that the Vibrac arrangement is simply a tool to help manage old debt, and not a sign of crisis.
Staying up?: For West Ham, Premier League survival is crucial
The revelation that they set up the facility as recently as September does underline, however, why West Ham were at the forefront of campaigners within the League's 20 clubs to bring in spending restrictions on wages from next season.
Gold has openly argued on numerous occasions that rules are needed to save football clubs from themselves.
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No relegation from the Premier League means that every club could securitise the remaining years of the SKY deal - not just the parachute money... at perhaps a 14% discount... the owners, players and agents get to share a nice big slice of action... and the clubs tip into more debt.
As far as a no-relegation PL goes, it's already only about the 4th best league in Europe. No relegation would make 90% of matches meaningless, unless they adopt some rubbish arcane system like NFL. Even their zombie audiences in Asia would surely lose interest.
It might actually be a good thing for the football league, clubs knowing they are not going into the prem and a league with a more financially level playing field, with no more parachute payments to ex prem teams to help them get back (I know, the relegated teams this season have been really poor). Would still play the prem teams in cups I assume? If they don't pull out of them.
As described in a letter to Football League clubs by the chairman, Greg Clarke, relegated clubs will receive £23m in the first year (a £7m increase), £18m in the second (£5m) and £9m in years three and four. Clubs in the Championship who do not get parachute payments currently receive £2.3m a season, League One sides £325,000 and League Two sides £250,000. It is proposed that those payments are increased by around 5% under the new offer.
But when you go back down the following season they start all over again :-)
In my opinion, the key is to survive without getting into debt. Other clubs will get into loads of debt and then at some point when they are going into administration, offloading players etc, the sensible clubs who have cut their cloth accordingly will be able to step in, collect the freebies and go up in a cheaper easier fashion.
In my book all clubs doing this should have to start at the bottom again because the money they have paid to players to compete has helped push up the costs for everyone and yet they simply take a 10 point deduction and start again.
If the Trust can help in any way to smooth this then I am sure it will... as of last night it now has 300 members (up from 200 at end January) and nearly 2,000 email accounts / twitter followers. Once it doubles/trebles again in size it will be able to reach many of the fan base and take account of the views about financing and club ownership