It has all been about the football. And now it’s all about the money. This is the point our correspondent Tom Carrick will argue throughout most of his coverage on the English Premier League. You may say that Mr. Carrick is wantonly putting down great teams and that’s not likely to win him any admirers, but it’s not about admiration and adulation. It’s about the future of football. And TV rights.
Today we look at the growing gap in the sale of TV rights between English Premier League teams and English Football League clubs. The gap has widened nearly $160 million after a record deal was signed back in 2017.
And to make matters more entrenched as it is, all teams are now trying to get two years in a row arranged beforehand so as to avoid breaching spending rules.
The teams that were promoted, actually manged to continue their further participation in the league, including Newcastle, Brighton, and Huddersfield. At the same time, the teams that weren’t had a much worse turn of events, with Middlesbrough and Hull City having a rather rotten time of it and Sunderland downright losing their footing.
A Look at the Numbers
Looking at the available data posted in the BBC, we have been informed that the Premier League managed to sell its domestic television rights for all games in the event for the absolutely staggering $6.3 billion, an amount so boggling that it has been unbelievable. It still is, to be perfectly honest. And as the first results of this deal were expected to come to bear in 2016/2017, the results are now quite evident.
Based on the information provided in the BBC’s sports coverage from TV rights, the numbers have been quite telling:
- EPL’s team have managed to up their median average turnover to $160 million more than those in the simple Championship.
- In 2017 alone, over 50% of all 23 Championship clubs spent their entire revenue on staff upkeep, including new players, coaches, management and so forth.
- Richard Scudamore, EPL’s director, received $3 billion in broadcasting bonuses at the end of 2016
Money is King
So, the idea of amassing funds and then throwing them back at the strongest teams has been quite marked. We have seen a variety of football organizations crumble because they have grown too complacent and fans didn’t feel the need to press the issue.
Whilst everything is legal, the riches amassed by the top brass are easily simply disturbing. The total value of the TV rights for 2019-2022 is estimated at $6 billion and thereabouts. And this even doesn’t feature what Amazon paid for the right to show 20 matches.
As a result, Championship broadcast rights have been on he ropes. Nobody seems to be interested in the good old-fashioned football as such. It’s become the thing of the local cities and far-fetched places. And it shouldn’t.
The domination of the Holy Buck in the ranks of the English Premier League has been absolutely unacceptable for many an idealistic fan. The concentration of money into certain teams also allows them to snap up the best available footballers and put those into good use against struggling teams.
And struggling is not good for morale. It’s one thing to have to pit two teams against one another and see which wins. It’s completely another thing to see the teams just giving up on any competition, because they simply cannot afford to be in a competition.
Is not in sight. What has to change in the EPL is not to anyone’s taste. The simple fact of the matter is that all the top brass will have to step up and prepare to do what it takes – and this means distributing money equally, which in turns means that there will be less cushy bonuses to bag.
And with that in mind, we need to remember what happened to FIFA. Even if the organization claims that corruption has been eradicated, I have worked as a due diligence analyst for a fair while in the past. And investigating FIFA’s top brass has been on my daily reports.
For better or for worse, power corrupts. And too much of it goes to people’s head. Hopefully the EPL will reach a place where the league will not be dominated by the topmost teams.