The Daily Mail says that sum is new income that the winner will accrue, at minimum, over the next five years, that the loser will not. Its winner takes all, and that £134m is a worse-case scenario.
The sum is broken down into £62m of Premier League prize money even if finishing bottom of the Premier League next season, plus four years of subsequent ‘parachute’ payments totaling a further £72m at least.
Parachute payments are made to relegated clubs for four years after going down and are based on a complicated formula relating to what clubs in the top division earn from central funds each season.
To simplify matters, that £72m is expected to be made up of parachute payments of around £26.4m in 2015-16, £21.6m the following year, and £12m in each of the two years after that.
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