Liverpool’s wish to reach an agreement for a bigger share of overseas revenue from TV deals will only remain a wish, as a Premier League meeting on this issue was called off, due to less support for the proposal.
As per outlets such as The Times, on Wednesday, a meeting was scheduled between the top-tier English clubs to talk on the distribution of 35% of the revenue raised from international broadcasting TV deals in the future, based on what position a team finishes in the Premier League table.
The overseas deal for the period of 2016 to 2019 is worth £3 billion and according to the current sharing method; the revenue is distributed equally among all the 20 clubs in the league. Last season, it was reported that each club received a share of £39 million each.
The ‘big six’ of the Premier League; comprising of Liverpool, Arsenal, Chelsea, Manchester United, Manchester City and Tottenham Hotspur; wanted to expand their share by drafting a distribution method, which would see clubs being given their revenue share according to their position in the Premier League table at the end of the season. They believed that, due to their popularity, they deserved a bigger share of the revenue.
However, only three other clubs outside of the ‘big six’ were in favour of the change. These included West Ham, Leicester City and Everton, but the other 11 members were adamant to continue to distribute the revenue equally among all 20 clubs. Nine clubs agreed for the change instead of the mandatory 14, and thus, the current distribution method will remain intact.
“Clubs have been discussing the distribution formula for their international broadcasting revenues,” a statement was released by the Premier League.
“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.
“The way the Premier League operates, clubs can bring forward a proposal at any time. In the absence of a significant majority in favour of doing things differently, the current rules will apply.”
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