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Parachute payments under review as Premier League 'Big Six' fear funds are being pocketed rather than invested

The amount of parachute payments given to clubs relegated from the Premier League is under review amidst concerns that the system is being misused.

The ‘Big Six’ clubs are questioning whether payments of up to £90million for relegated sides is encouraging them to pocket the money rather than invest in their squads to stay up.

Informal discussions are expected to take place when chief executives meet at a Premier League shareholders meeting on Thursday.

Clubs fear parachute payments are being pocketed, as seen by Hull selling Robert Snodgrass
Clubs fear parachute payments are being pocketed, as seen by Hull selling Robert Snodgrass

Parachute payments were introduced to safeguard clubs who dropped into the second tier having spent heavily on transfer fees and wages.