Dan Roan of BBC Sport is reporting that the Premier League is set to announce next Tuesday a massive new TV deal that he says will be £4.4B (€5.93B) ($6.7B).
Mike Ashley – seems he’s delighted with the new deal – more money
That’ s almost a 50% increase over the last Premier League TV deal which was worth £3B, and gives Premier League clubs anywhere from £60B to £100B each May.
The current deal runs out at the end of next season and the new deal will run from 2016 to 2019.
There were multiple bidders for the seven packages of live matches on offer, and the news is a second round of the auction has been triggered.
A lot of companies seem to want to get involved in the deal, with the Premier League games being so popular around the world, and it was reported in early January that American companies Apple and Google were interesting in the rights to streaming the games.
If we do some simple arithmetic that means that in general PL teams would receive form £87M to £145M depending on where they finish in the Premier League table starting with the 2016-2017 season.
Newcastle’s revenues shot up to around £129M in the last financial year from around £95M the year before due almost completely to the current TV deal.
So in the financial year 2016-2017 our revenues will increase by around 44% of £79M approximately – if we again finish around 10th place – which is a £35M revenue increase, simply due to the increased money we would get from the Premier League.
That’s always assuming we are still in the Premier League at the start of the 2016-2017 season of course.
This is really massive money, and the Premier League is the most popular sports league in the world, and if isn’t yet the richest, it seems like it soon will be.
In fact it seems the NFL in the US at the moment is the richest, and last year they earned $5.5B from deals with CBS, Fox, NBC, ESPN and DirecTV – so with this new deal the Premier League will overtake the NFL as the richest league in the world – and its game are also shown around the world live.
And the NFL is said to pay its Commissioner Roger Goodell around $45M a year – not bad for an organization that has tax-exempt status.
Now if can only persuade Mike Ashley to spend some of that money on building a top side at Newcastle.
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