Premier League: Rise in distant places broadcast sales results in prize cash increase

Premier League: Rise in distant places broadcast sales results in prize cash increase

Premier League television revenue is to exceed £10bn for the primary time, to be able to force up prize money and make sure that even the bottom membership will pocket extra than £100m as of subsequent season.

The 2022/23 champions can be rewarded with £176m in prize cash, up from £153m this season.

The growth comes after what the Daily Telegraph has described as ‘bidding wars in America and beyond’ as broadcasters around the globe fight for the right to reveal stay Premier League football.

From subsequent season, the worldwide broadcast marketplace will, for the first time, be worth extra than what Sky Sports, BT Sport, Amazon and the BBC together pay to broadcast the Premier League in the UK.

The general fee of the international broadcast applications will develop to £5.3bn, up from £4.1bn. The present day value of the domestic broadcast programs is set at £five.1bn and could continue to be so till 2024. Overall, it's miles stated the overall fund is worth £10.5bn as soon as other new commercial deals are factored in.

Of that money, round £1.6bn is expected to be passed to the soccer pyramid under.

The extra earnings from overseas broadcasters won’t be cut up equally amongst Premier League golf equipment, but, with folks that carry out better incomes greater. That turned into not previously the case and chief govt Richard Masters is credited with ‘seeing off a massive-six rise up’ over the problem.

For greater from Jamie Spencer, comply with him on Twitter and Facebook!

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