Revealed! The Premier League parachute payment relegated Sunderland received
Despite relegation to League One, Sunderland still received more than Â£41 million in parachute payments from the Premier League.
The huge income was revealed on Thursday with the Black Cats still feeling the financial benefit of having been in the Premier League.
The club will receive parachute payments over three seasons with this year's totalling £41,571,016.
The Premier League signed a new domestic and overseas TV deal for the start of the 2016/2017 season worth more than £8.1 billion. Part of that TV deal saw a change to the parachute payments, with clubs given payments over three rather than four seasons. Teams relegated after only one season in the Premier League only get the first two payments.
Sunderland received 55 per cent of the equal share of the broadcast revenue paid to the Premier League clubs. Next season it will be cut to 45 per cent and the third and final payment will be 20 per cent.
This season, the eight clubs receiving such payments split just under £243 million, an increase on last season's £219 miillion.
Sunderland earned the same as Hull City and Middlesbrough, the two sides relegated from the top flight alongside them. Aston Villa, Cardiff City, Fulham, Norwich City and Queen's Park Rangers were the other clubs to receive parachute payments.