3 year rolling contract will be renewed at the end of this season. The last 3 year contract was worth a staggering £1.75 billion. The next 3 year contract is worth just over £3 billion or more than a billion a season. The new deal doesn't include overseas sales which are expected to increas the 3 year package to an estimated £5 billion. The first Premier league deal in 1992 was a 5 year contract worth a TOTAL of £304m. Don't overestimate how important it is to get promoted THIS SEASON. How can Championship clubs compete with relegated Premiership clubs after this season?
With this it will just make players when demands and transfer fees rise and everything will just upscale rather than clubs being better off, and like you say the financial gap from the prem to champ will be incomprehensible. It's funny how they tighten the rules on spending in the championship and make it a lot harder to buy a good squad yet give the premiership a ****ing great big dollop of cash to go crazy with. They just want it to be an exclusive league for certain teams. What should really be done is all the extra money passed down and shared throughout the football league ladder to make football in England more competitive as a whole.
It would be like turkeys voting for Christmas for the Prem clubs to vote a change in the disbursement. They are members of an elite club that is reluctant to welcome new recruits. It is forced upon them by the pyramid movement requirements of the FA that involves them, the football league clubs and the non league feeder divisions. They will try to continue with the policy of ensuring that forced out ex-members will have the funds through parachute payments to rejoin the elite once again. Funny thing is though is that Bolton, Blackburn and Wolves haven't read the script this year.
OLD NEWS OLD NEWS. Why do you think everyone is in a panic. Those in the PL now who want to stay in the PL and those like us who want to be in it next season. Its hardly New News is it.!! Its been reported months ago that its worth £150m over the next 5 years from August 2013 to the clubs in the PL as a minimum amount.
I hate to agree with TFT, but this is really old news and one of the reasons we need to get promoted this season.
Did anyone else read this and imagine tickles going "old news old news" to the nee nar tune of an ambulance siren?
You get about £50m a season now, if it goes up 70%, you're a long way from £150m, which is treble the current amount(it isn't anywhere near £150m).
If we don't get promoted this season what difference does it make, the teams coming down next year don't get an extra 70%, they would if they stayed up but they didn't. In 1992 when PL exsisted the money was a lot less, but clubs where just as rich then as they are now. If anything the extra 70% will bring more foreigners owners into the Championship due to the huge windfall upon promotion.
I believe the parachute payments are significantly larger as well, which would give a very large advantage to the relegated teams over the rest of the Championship.
That would apply if a club budgeted on the basis of accepting relegation. If they bought players knowing they couldn't get their resale value back and they couldn't sign players on relegation clauses they may need all the help they can get.
We've been saying for years that 'the gap is going to get wider' but it never does. Teams come down in such a bad state on or off the pitch (sometimes both) that it takes them years to be competitive again (like us).
I had a little nosey into this a few weeks ago and without the overseas rights deal, finishing bottom of the league would not you at least 53 million pounds just from the domestic tv deal and final league position alone, with this figure further boisted by the overseas deal, increased sponsership, season ticket revenues etc and obviously parachute payments. Crackers one season up there could potentially fund a new youth academy, training facilities and maybe even the stadium lol
The reason I created this thread is the the source article I found is the first I'd seen with concrete figures. With parachute payments, one season in the Premiership could well net you around £120m. This, as you say can go a long way to setting your club up for decades, if managed correctly. Mind blowing!
