Newcastle United and 13 other top tier clubs met in London on Wednesday as a handful of clubs made a grab for a bigger share of the Premier League TV money.
The story has been broken by The Guardian, who report that Premier League Chairman Richard Scudamore presented a proposal to the 14 clubs on behalf of the six attempting to move the goalposts.
No surprise that the six clubs putting forward the proposal, are Manchester City, Manchester United, Arsenal, Chelsea, Tottenham and Liverpool.
They want the Premier League to change the way that the money from overseas TV deals is distributed.
Ever since the Premier League format was introduced in 1992, the cash from overseas TV contracts has been shared equally.
However, recent years have seen that pot of money rapidly increase and it is expected to make another giant leap when the new TV deals kick in as from the start of the 2019/20 season.
At the moment, the domestic TV deals are worth around £5.1bn and the overseas deals approximately £3bn.
The current 3 year deal sees all Premier League clubs receiving £39m per year from the overseas deals, whereas a large proportion of the cash from the UK domestic deals depends on both league position and how often you are shown live.
Under these new proposals presented by Scudamore, 35% of the overseas TV cash would be decided upon league position as from the 2019/20 season.
The six clubs proposing the deal would no doubt argue that it is fair because any club could finish at the top end and get the bigger shares BUT the reality of course is that these clubs know they are all but guaranteed to be within the group who will grab the most money.
Any change in how the PL shares out the cash would need 14 of 20 clubs to support it and the good news is that The Guardian report that at today’s meeting 11 clubs ‘remained firmly opposed’ to changing how overseas TV cash is shared out.
It is shocking the greed of the handful, who already bank more money than the other clubs in all kinds of way, plus invariably they are the ones also banking Champions League money as a massive bonus.
The ‘big six’ are said to argue that because they are the biggest draw overseas then they should be entitled to more money but they miss the point that a league system needs 20 clubs, not just half a dozen.
The Guardian report that there will now be a meeting of all 20 Premier League clubs next Wednesday in London, to then finalise what the sharing arrangements will be.
I think the correct phrase here is ‘trying it on’.