Top English clubs hit £8bn TV rights jackpot
Published 05/02/2016 | 02:30
Premier League clubs were toasting their outrageous fortune last night after being told they would share in a windfall of more than £8.3 billion from their set of new broadcast contracts.
The 20 top-flight teams learnt the probable outcome of the global sale of their television rights at their latest shareholders' meeting in London.
Only a few minor deals have yet to be concluded for the 2016-19 seasons, when there will be a staggering increase in revenues at Premier League clubs.
The new set of contracts mean a 50 per cent surge in their broadcast incomes from a combined £5.5 billion in the existing deal.
The domestic rights alone, which were sold almost a year ago, nearly outstripped the current grand total, with Sky Sports and BT Sport paying £5.14 billion between them.
Despite yesterday's news, there was still no firm commitment from the 20 clubs to share their fortune by cutting ticket prices.
The issue was the most discussed topic at a marathon meeting of almost five-and-a-half hours but no decision was reached on proposals such as caps on the cost of away tickets and increased investment in travel subsidies.
The patience of campaigners for lower prices was last night reaching breaking point, putting clubs under huge pressure to vote on the matter at their next meeting at the end of March.
Kevin Miles, the chief executive of the Football Supporters' Federation, said: "The months go by since it became clear that the Premier League will enjoy a huge hike in revenue next season and still no progress has been made on investing even a tiny proportion of it in supporting away fans." (© Daily Telegraph, London)