Coming last in the Premier League this season is worth around £101 million with TV deals and what not, whereas the TV deal in the Football league is worth around £6 million for each Championship club. Factor in the parachute payments which will be around £39 million for us this season, there will be a loss of around £60 million income for us not being in the Premier League.
Next season our parachute payment will reduce to around £31 million and for our third season the parachute payment will reduce to around £12 million meaning that promotion becomes almost a necessity next season.
Under FFP rules, losses are calculated over a rolling three-year period up to a maximum of £39 million, i.e. an annual average of £13 million, assuming that any losses in excess of £5 million are covered by owners injecting equity. A higher loss one year can be compensated in later years, e.g. via player sales, or might even become irrelevant (if the club is promoted).