Friday 21 September 2018

Liverpool owner is successful in his efforts to secure more TV money for Premier League's top clubs

Liverpool principal owner John W Henry and Fenway Sports Group have improved the club's finances in the last seven years.
Liverpool principal owner John W Henry and Fenway Sports Group have improved the club's finances in the last seven years.
Kevin Palmer

Kevin Palmer

Liverpool chairman John W. Henry has been successful in his efforts to ensure the top Premier League clubs receive more cash from overseas television deals, after it was confirmed changes to the payment structure have been introduced from the start of the 2019/20 season.

The Premier League currently distributes all international broadcast revenue equally between the clubs, but that will change in the summer of 2019, in a move that may widen the gap between clubs at the top and bottom end of the table.

"When the Premier League was formed in 1992 nobody could have envisaged the scale of international growth in the competition which exists now," said Premier League Executive Chairman Richard Scudamore.

"Back then the clubs put in place a revenue sharing system that was right for the time and has served the League well, enabling them to invest and improve in all areas.

"This new agreement will continue that trend with a subtle change that further incentivises on-pitch achievement and maintains the Premier League’s position as the most equitable in Europe in terms of sharing central revenues.

"By coming together and agreeing this change, the clubs have provided a platform for the future success of the League for many years ahead."

The move has been welcomed by Liverpool chief Henry, who has been campaigning for the big-name clubs to receive a bigger share of television revenue.

"Everyone in the league knows what the large clubs bring to the value of foreign rights, but the large clubs do not have the votes to change something that should have changed as media rights changed over the past 25 years," he told Associated Press.

Liverpool earned €145.9 million pounds from the Premier League season that reached a conclusion last month, with final calculations of the revenue they will receive from their run to the Champions League final set to be added to that healthy windfall.

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