The Premier League sold the broadcast rights from 2013-16 to Sky and BT in June for £3.018bn, an increase from £1.25bn, with overseas rights expected to take it beyond the £5bn mark.Parachute payments were introduced to help relegated clubs absorb the huge losses in revenue that accompany dropping out of English football's lucrative top division. A Premier League spokesman said: There is no evidence to suggest they prevent non-parachute payment-receiving clubs getting promoted from the Championship - the contrary in fact.Between them, parachute payments - money given to sides relegated from the top flight - and 'solidarity payments' - cash given to clubs not in receipt of parachute money - account for 15% of that TV deal.Despite the discrepancy between parachute payments and solidarity payments, the Premier League insists it does not hinder clubs from getting promoted to the Premier League.Press Association Sport reports that clubs in the Championship not receiving parachute payments will get £2.3m each - more money than they receive from their own TV deal.
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