'Big six' chase more Premier League profits

'Big six' chase more Premier League profits”

The Premier League's six wealthiest clubs - Manchester United, Manchester City, Chelsea, Arsenal, Liverpool and Tottenham - are facing significant opposition over a controversial proposal to revamp how overseas TV revenue is distributed throughout the division, according to reports. That worldwide bonanza added to the £5.1bn from the competition between Sky and BT for British football subscribers, plus other highlights deals, makes a total of £8.4bn in the current three-year cycle.

"I'm sure the top six would like that because they'll get a bigger slice of the pie but there are 14 other teams who want to be competitive", said Clement.

Swansea are understood to be among 11 teams to have opposed the move in talks with Premier League executive chairman Richard Scudamore this week.

Richard Scudamore, the Premier League's chairman, is understood to have presented a proposal to a meeting of the other 14 clubs held at the Pullman Hotel in London on Wednesday, for 35% of the next worldwide TV money to be distributed according to "merit" - where clubs finish in the league.

The league is keen to reach a compromise before going into domestic rights negotiations, where worries over what the "Big Six" could do next - if they are blocked - could create uncertainty.

West Ham, who Swansea visit on Saturday, Everton and Leicester are believed to be more open-minded about the proposal.

However, with the approval of 14 clubs needed to make such a change to the system (the first since 1992), Scudamore has his work cut out to broker agreement by next week.

Now the Premier League's popularity has made it prime content for pay-TV around the world, delivering approximately £3 billion (€3.4bn) to the 20 clubs in the 2016-19 round of deals.

Income from domestic television contracts is already distributed partly in accordance with league position.

The proposal would come into effect for the next overseas TV rights deal, which will run from 2019 to 2022 and is expected to be put out to tender later this year.

Like this


29 September 2017
Netflix will spend over $400 million on Canadian content
Further, the Minister has announced Canada will launch "the first federal cultural trade mission in Canada's history". Critics have said more should be done to ensure domestic content does not disappear. - No news industry bailout.

29 September 2017
Puri's next Mehbooba with son Akash
What is interesting with Mehbooba is that the director promises it to be a first of its kind of film in his repertoire. Puri's Next Titled Mehbooba :- Sensational filmmaker Puri Jagannadh is sure one of the finest filmmakers of Tollywood.

29 September 2017
Aide found half-naked after sexual contact with student, deputies say
Carsey attempted to leave the area when confronted by the deputy, allegedly telling them she was waiting for an adult man. During the investigation, Carsey gave conflicting accounts regarding her involvement with the juvenile victim .

29 September 2017
Rory McIlroy: Tiger Woods 'doesn't have anything to prove to anyone'
Jack has a better record, but I don't know if he played better golf". "He's taking it very slowly", added McIlroy. Asked whether it was possible he may never compete again, he said: "Yeah, definitely.

29 September 2017
Eaton Vance Ltd Duration Income Fund (EVV) Share Activity Climbing in Session
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. Taking a peek at some Moving Averages, the 200-day is at 12.44, the 50-day is 12.58, and the 7-day is sitting at 12.64.

29 September 2017
'It starts with us': Broncos say 'we'll be standing together'
This is after Pittsburgh Steelers coach Mike Tomlin said, "I'm an advocate for those that simply want to do their jobs". The Broncos will stand together for the national anthem on Sunday, the team announced on Thursday.

29 September 2017
Endo Health Solutions Inc. (NASDAQ:ENDP) Analyst Coverage
According to their observations and findings, the stock could provide a high EPS of $0.79/share and a low EPS of $0.55/share. Also, CEO Paul Campanelli purchased 6,500 shares of Endo International PLC stock in a transaction dated Monday, August 14th.

29 September 2017
WWE Reportedly Interested In Bringing Back Former Divas Champion
She is best-remembered for a quality match against AJ Lee at Payback that June, and for her time on the old NXT show. With WWE interested in bringing her back, it might be only a matter of time before Kailyn makes her return.

29 September 2017
OMNOVA Solutions Inc. (NYSE:OMN) Sees Unusual Trading Volume in Its Shares
A month ago, they told us to expect earnings of US$0.2 per share while three months ago their EPS consensus estimate was US$0.19. ValuEngine raised shares of OMNOVA Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, June 10th.

29 September 2017
Canadian Natural Resources Limited (CNQ) Getting Somewhat Favorable News Coverage, Accern Reports
Canadian Natural Resources Limited had 28 analyst reports since July 21, 2015 according to SRatingsIntel. The stock's market capitalization is 41.61B, it has a 52-week low of 27.52 and a 52-week high of 35.28.