Sunderlands Parachute Money (2 replies)

So now they have been relegated out of the championship do they lose the rest of the parachute money? Somewhere in the back of my mind I seem to remember if you drop out of the championship the remaining parachute payments are split between the clubs still in there???? Or is that a team that gets promoted who are still due parachute money???

Anyone know or have i just made that up LOL!?