Canaries set for £600,000 cash boost

PUBLISHED: 19:27 23 May 2007 | UPDATED: 10:18 14 September 2010

The Canaries could be set to benefit from a cash windfall of more than £½m from the FA Premier League. Reports suggest a grant of about £12 million from the top flight will be shared between the 24 Championship clubs, as they look to bridge the growing gap between the first and second tiers of English football.

The Canaries could be set to benefit from a cash windfall of more than £½m from the FA Premier League.

Reports suggest a grant of about £12 million from the top flight will be shared between the 24 Championship clubs, as they look to bridge the growing gap between the first and second tiers of English football.

Premier League bosses are expected to rubber stamp the hand-out when they meet next week, though Championship clubs are reported to have been hoping for twice as much cash.

A £50m share-out was originally discussed but chairmen whittled the amount down after months of haggling.

Football League clubs will discuss the offer when they get together in Portugal next month.

If they do accept the offer, City can expect to receive up to £600,000. It still ranks as a drop in the ocean, however, compared with the three clubs relegated from the Premiership - Sheffield United, Charlton and Watford - who will each get an £11m parachute payment.

City chief executive Neil Doncaster shed no light on the report today, however.

He said: “Nothing has been said by the Football League, and we as a club can't comment on something which is speculation.”

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