Premier League overseas TV rights pass the value of domestic deals as recent terms agreed in India and Asia see total value rise to a staggering £5.3 BILLION
- Deals struck in India and Asia bring foreign television value to £5.4 billion
- Domestic TV contracts bring in £5.1bn for Premier League clubs
- This means Premier League winners will receive £176 million next year – an increase of £23 million
The value of the Premier League’s overseas TV rights will exceed the domestic contract for the first time from next season, with new deals recently signed in India and Asia, bringing the total package to £10.4 billion.
The clubs were briefed on the growth of foreign deals at their monthly shareholders’ meeting on Thursday, with foreign TV rights now worth £5.3bn for the 2022 to 2025 seasons, compared to the £5.1bn paid by Sky Sports, BT Sport and Amazon Prime over the same period.
As a result of next season’s increase, the Premier League winners will receive £176 million in prize money, with the bottom club receiving £106 million, a significant increase from the £153 million and £96 million respectively paid to those this season. clubs will be distributed.
Total TV deal for Premier League rights has now risen to £10.4 billion
Overseas deals are now worth £5.4bn, while domestic deals are worth £5.1bn
The growth in TV revenue confirms the Premier League’s position as the richest football league in the world, although revenues still dwarf that of the NFL, whose domestic TV deal is worth £10 billion a year.
With TV sales for the next cycle now complete, the Premier League is poised to step up talks with the EFL over greater redistribution and changes to the parachute payment system, which have yet to begin, much to the frustration of the smaller clubs.
The top clubs have pledged to give away £1.6 billion over the next three years to the football pyramid and to charities – an increase of £100 million from their previous giveaway – although much of it is effectively recycled by Premier League clubs due to the parachute payment system.