Friday, March 29, 2024 | Ramadan 18, 1445 H
clear sky
weather
OMAN
25°C / 25°C
EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Record pay-out for champions Chelsea

1028214
1028214
minus
plus

London: English champions Chelsea received a record Premier League pay-out of more than £150 million ($190 million, 172 million euros) this season, nearly £60 million more than their predecessors Leicester, after new TV deals came into force.


The broadcast deals, including a bumper domestic contract, ensured generous end-of-season payments for all 20 Premier League clubs who shared a total of £2.4 billion.


Figures on the league’s website showed Leicester, who earned £93 million after their stunning title success last year, received £116 million this season, when they finished 12th.


Second-placed Tottenham Hotspur earned about £145 million — slightly less than Manchester City and Liverpool owing to the difference in their “facility fees”, awarded for appearances on TV.


Domestic rights to broadcast the Premier League were sold for £5.1 billion over three seasons, dwarfing the previous deal.


The league shares money from its central commercial deals and overseas broadcast rights on an equal basis, which means all 20 clubs got nearly £5 million each for the former and £39 million for the latter.


Even the three clubs who were relegated leave with large payments, including bottom-placed Sunderland who received just over £93m.


The Premier League also paid out nearly £220 million in “parachute payments” to eight teams relegated in recent seasons: Aston Villa, Cardiff, Fulham, Newcastle, Norwich, QPR, Reading and Wigan.


Villa, Newcastle and Norwich, who were relegated last year, got almost £41 million each, QPR £31 million and the other four more than £16 million.


— AFP


SHARE ARTICLE
arrow up
home icon