web analytics



Report – Premier League Clubs To Pay Back £762m In Lost TV Revenue If Season Can’t Resume


According to a report in the Athletic, Premier League clubs must pay back £762m in lost TV revenue if this season cannot be completed.

The clubs discussed this looming financial hit during their emergency meeting yesterday where it was decided that the league would not resume until the end of April at the earliest.

The broadcast payments are issued biannually in August and February, so clubs just recently received their second payment.

The Athletic report that there will be a lot of wrangling between the clubs and the players in an attempt to resume the league.

Some clubs are desperate to complete the season through even the strictest of measures while others are reluctant to do that without supporters in the stands.

There could also be a situation where some players refuse to put themselves or others at risk by continuing the season.

So we expect a lot of negotiation over the next few weeks to see if this season can be completed.

The Shields Gazette has also published a report of the impact on Mike Ashley’s retail empire that the coronavirus could have. This is the statement Frasers Group Plc has issued to its shareholders:

“Frasers Group has been monitoring the potential impact of COVID-19 across its UK and international businesses.

“Whilst it is too early to estimate what the full impact from COVID-19 will be on the Company’s performance for the current financial year ending 26 April 2020, and future periods, the Board expects that COVID-19 will cause significant disruption to its business, including reducing customer footfall and therefore expects that Frasers Group will not achieve the range of guidance of 5 to 15% EBITDA growth (including House of Fraser but pre-IFRS 16 adjustments) previously given for the financial year ending 26 April 2020.

“Accordingly, and given the ongoing uncertainty, the Company is no longer giving formal guidance in relation to the financial year 2020.”


15 comments so far

  • RobLeenio

    Mar 20, 2020 at 12:51 PM

    Comment #2

    mactoon “the share price of the Fraser Group (Sports Direct) which includes Newcastle United has fallen”

    Fraser Group does not own NUFC, Mike Ashley does via MASH Holdings. He also owns shares in Fraser Group. The decline of the value of Fraser Group shares has absolutely no bearing whatsoever on the value of NUFC.

    7
  • lesh

    Mar 20, 2020 at 12:56 PM

    Comment #3

    Ah well, such is life and that’ll likely impact on the club’s liquidity, its value, any possible takeover and last but not least, the summer transfer budget.

    In this instance, a situation beyond Ashley’s control though he could drop his asking price for NUFC.

    4
  • lesh

    Mar 20, 2020 at 12:57 PM

    Comment #4

    Hibbit (from previous threads)

    Some are more financially affected than others!

    If, and it’s not clear from your post, you or anyone else close to you is directly affected by the virus, then I sincerely wish you well.

    0
  • fairscup

    Mar 20, 2020 at 12:59 PM

    Comment #5

    Well said Rob – I wish people would realise that.

    2
  • Jib

    Mar 20, 2020 at 1:01 PM

    Comment #6

    All football fans who subscribe to Sky should support their
    respective clubs by e-mailing Sky – saying if Sky claw back
    part of the broadcast fees that they will take Sky to the small
    claims court and claw back a proportionate amount of their
    subscription.

    12
  • Just a Fat Dave Bassett

    Mar 20, 2020 at 1:09 PM

    Comment #7

    Spot on Jib. A taste of their own medicine.

    2
  • dougie

    Mar 20, 2020 at 1:12 PM

    Comment #8

    this is the calm before the storm in Newcastle and the rest of the country im afraid.Nowhere near enough of the over seventies are isolating themselves,my local social club was full of them last night I heard,metrocentre has been busy this week as well.Osbourne road was heaving with students like a bank holiday Monday the other day.Most of the kids break up today so I,m expecting town and metrocentre to be busy over the weekend.The government guidelines are being largely ignored and we will be like Italy in a couple of weeks guaranteed.No leadership coming from government,the pubs.clubs,resteraunts and all other non essential places where people might gather should have been shut by now.Its a fcuking nightmare,isolate lads and lasses because its going to be horrific.

    8
  • hibbit

    Mar 20, 2020 at 1:17 PM

    Comment #9

    lesh

    the eldest son and his family are in lock down, a colleague of his in london office has been confirmed positive, he had a 2 hour meeting with him last week,
    but so far so good (now 6 days) but very worrying none the less

    3
  • #cans

    Mar 20, 2020 at 1:32 PM

    Comment #10

    Guy at our WeWork office in London was diagnosed last week so whole floor has had to self isolate, luckily was different floor but it’s all communal space as all startups at wework – I’ve been working from home for two weeks and going stir crazy

    1
  • DubaiMicky

    Mar 20, 2020 at 1:35 PM

    Comment #11
  • DubaiMicky

    Mar 20, 2020 at 1:51 PM

    Comment #12

    Also, how long is this social distancing supposed to last?
    .
    .
    My wife keeps trying to get back in the house!

    17
  • Ron Knee

    Mar 20, 2020 at 1:54 PM

    Comment #13

    So the NHS is asking retired, & therefore vulnerable, doctors & nurses to return to work & risk their lives for people who are still going to pubs. Strange.

    6
  • lesh

    Mar 20, 2020 at 2:08 PM

    Comment #14

    Hibbet

    I did sense from the tone of your post that something was amiss at home.

    In the light of that, again, I wish you and your family everything that’s good.

    Take care

    3
  • lesh

    Mar 20, 2020 at 2:11 PM

    Comment #15

    Ron Knee

    It doesn’t help matters that the UK is being ‘led’ by a man who has no sense of reality and the impact of his demeanour.

    4


You must log in to post a comment.