What Does It Mean to Be Promoted to the Premier League?

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What Does It Mean to Be Promoted to the Premier League?
Mark Thompson/Getty Images

Reading, Southampton and West Ham are back in the big time. All three gained precious promotion from the Championship last season and are now busy preparing for life in the Premier League.

The implications of their respective successes last season are enormous.

The Premier League is the world's richest club competition. And being one of 20 teams with a hand in the cash register brings with it some seriously lucrative benefits.

There are potential downsides too, however. Making a team competitive is expensive, and there's always the risk a promoted club could drop straight back down the next season—loaded with inflated costs and wages.

Here's what it really means to be promoted to the Premier League these days...

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