Cash grab of overseas TV money by Premier League 6 defeated…for time being
The Premier League have cancelled Wednesday’s meeting.
The 20 clubs were due to once again discuss the way income from the overseas TV deals is shared.
At the last meeting of the Premier League clubs on 4 October 2017, a vote on the changes was postponed as the prime movers knew they didn’t have enough support.
Six clubs – Liverpool, Arsenal, Chelsea, Spurs and the two Manchester clubs, had proposed that the ever growing overseas TV cash should have 35% distributed according to league position.
With those at the top (them) getting a bigger share.
They needed 14 clubs to support the change and despite claims of growing support from some ‘smaller’ clubs, it was never made public as to exactly how they expected enough clubs to vote in favour of an alteration that was almost certain to leave them worse off.
At that 4 October meeting they decided to postpone until tomorrow (Wednesday 25 October), hoping to galvanise support in the meantime, some media claiming that Newcastle United were one of the clubs contemplating changing and adding their support for the change.
The good news is that today the Premier League have released an official statement confirming that due to not enough support for the move, tomorrow’s meeting has now been cancelled.
Premier League official statement:
“Clubs have been discussing the distribution formula for their international broadcasting revenues.
“The Premier League has facilitated these discussions, to bring together the wide range of views which exist.
“It has become clear that there is currently no consensus for change, meaning tomorrow’s club meeting is not necessary.”
BBC Sport – 4 October 2017
Club bosses are preparing for one of the most important meetings in the Premier League’s history on Wednesday (today).
It comes amid a potentially damaging split over the way the next round of multi-billion-pound international broadcasting rights are shared.
Under pressure from the six richest clubs, the league’s executive chairman Richard Scudamore has proposed ending 25 years of the equal sharing of international broadcasting income.
Scudamore presented his plan – which would see 35% of the revenue divided according to league position – to the 14 other clubs last week. But it has been met with resistance and, with a two-thirds majority required to approve any changes, he now faces a major challenge to broker some form of agreement.
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