Premier League to decide on new TV money plan

Oct 05, 2017, 00:29
Premier League to decide on new TV money plan

Arsenal, Chelsea, Liverpool, Manchester United, Manchester City and Tottenham are searching for a bigger share of the £1bn revenue as they believe their greater popularity means they deserve more.

Two-thirds of the Premier League clubs must agree for any changes to be approved.

Under the proposed change, Scudamore wants 35 percent of the income to be distributed based on a team's league position as "merit payments". But with the Premier League's overseas income rising faster than its domestic revenue, this differential would only grow.

But Press Association Sport understands Newcastle United and Watford were, at least, tempted by the idea.

English Premier League club chiefs are gathering in London today for what is being touted in some quarters as one of the most important meetings since the league's creation in 1992. But with BT and Sky Sports unlikely to dig that deep again, most analysts are predicting a much more modest uplift in 2018 for the 2019-21 cycle.

In a statement the Premier League confirmed the meeting had ended without agreement.

The current arrangement, in place since the Premier League came into existence 25 years ago, distributes overseas television revenue equally between all clubs. The rest, particularly those clubs relatively new to the division, point to the competitive nature of the league as being its real selling point.

Instead all 20 teams unanimously agreed to adjourn talks for three weeks to allow Scudamore to devise an alternative proposal that would win the necessary support.