The winners of the 2024-25 Championship play-off final are set to receive a minimum of £220m in extra income.
Their League One colleagues will be around £12 million better off, while the League Two winner will earn more than £2 million in increased revenue.
Sheffield United, who face Sunderland or Coventry City in the Championship final on Saturday, May 24, are now receiving parachute payments, which would stop if they were promoted.
However, whomever returns to the first flight, alongside Leeds and Burnley, will receive a portion of the new domestic broadcast deal, which is worth £6.7 billion over four seasons.
They will also receive centralized commercial fees, facility fees, and merit rewards, as well as potential parachute payments if demoted to the Championship.
We have not included numerous seasons in the Premier League in our calculations.
Both Championship play-off finalists receive a portion of Wembley Stadium’s gate receipts, which amount to approximately £2 million.
How much will Premier League clubs earn from the new broadcast deal?
The new television agreement, which will last four years, is expected to provide an average of £83.75 million in revenue per season for Premier League clubs.
Clubs will receive slightly more per season than they have in recent years; the previous arrangement, worth £5 billion over three years, resulted in average profits of £83.33 million.
The new agreement implies that 70 additional games will be aired each season, up from 200.
How do parachute payments work?
Clubs that are demoted from the Premier League earn parachute payments for three seasons.
In the first season after relegation, they receive around 55% of the television money they would have earned if they had remained in the Premier League. This decreases to 45% in year two and 20% in the third season.
If a demoted club is promoted within three seasons, the payments will halt.
Sheffield United are among the clubs getting parachute payments, thus if they win the play-offs, their revenue increase will be less than that of Sunderland or Coventry.
Leeds got £49 million in parachute payments for the 20223-24 season, following their relegation from the Championship the previous season.
According to the new TV deal, a team that is demoted and not promoted within three years will receive a total of £101.6 million.
What about League One and League Two?
While not as lucrative as the Championship final, earning promotion from League One and League Two offers significant financial rewards.
For the 2024-25 season, Championship clubs got approximately £11 million, a major increase from the value of around £2 million per season for playing in League One.
The £11 million includes a ‘basic award’ and Premier League solidarity payments.
In League Two, the similar number is around £1.5 million per season.
Clubs that are relegated from the Championship, League One, and League Two also receive parachute payments, but on a smaller scale.
Relegated Championship clubs earn 11.1% of the basic award sum made to Championship clubs for one season.
Clubs who drop out of League One receive 12.6% of the league’s basic salary for the season.
Clubs demoted from League Two earn 100% of the basic award amount for one season and 50% the next season, unless they return in their first season.
This is the most recent article from BBC Sport’s Ask Me Anything team. Liam from Ayrshire emailed us the question. Thank you, Liam.
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