windermereROYALSanguinewindermereROYAL The atrocious parachute payments give the relegated clubs a huge advantage allowing them to keep hold of their most prized assets, also covid is stopping some of the PL clubs picking them up due to ongoing financial difficulties.
Parachute payments are vital to the financial security of relegated clubs. At the very least when promoted, a club needs to pay Premier League wages, most need to improve their squad, or increase its useful size with better backup players. Without parachute payments, clubs would be destroyed by relegation.
I would suggest if the PP didn`t exist the clubs could manage their own finances better like writing relegation clauses into players contracts.
Or they'd bet the farm and go bust in the real world.