QPR chief executive Lee Hoos has defended the parachute payment system and says the salary cap he believes is necessary in the Championship must make allowances for teams adjusting to life back in the second tier. EFL chairman Rick Parry has expressed his dislike of parachute payments (Mike Egerton/PA)However, Rangers CEO Hoos says they are a vital lifeline for clubs who come down from the Premier League. “When you come down from the Premier League it’s very difficult in terms of trying to make the numbers work,” he told the PA news agency. So therefore you are expected to sign players, you are expected to pay Premier League wages so that you can enhance that competition. Hoos and his management team have worked hard to reduce the club’s wage bill and now believes they are in a good position to work within a salary cap.

Source: Express August 04, 2020 07:52 UTC