Here's the reply I received from the club regarding my email I sent questioning it !
Thank you for taking the time to contact us.
The decision around payments to Mr Scudamore over the next three years has been made by the Premier League Audit and Remuneration Committee and the Non-Executive Directors. As per the statement made by the Premier League the payments are in consideration of the following:
It was vital that a comprehensive set of non-compete clauses were extended, to ensure the best possible protection for the future of the Premier League.
It was agreed that it is crucial for the League’s ongoing success that Richard’s unique knowledge and experience remain available in an advisory capacity.
The payments are in recognition of the outstanding work Richard has carried out over the last 19 years.
We will not be adding anything further to this statement.