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Relegation release clause


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This will sound like a daft question but I do need it claified.

If I manage Leeds (eg) and I sign a player who demands and gets a relegation release clause, clearly getting relegated to L 2 would see him activate the clause however if I get promoted to The Champ and then in a later season get relgated back to L1 would he be able to activate the clause as he is not being "relegated" any lower than his original division of signing?

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