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NEWS
Premier League agrees £1bn financing deal for rest of English football pyramid
POSTED 27 Mar 2015 . BY Tom Anstey
The Premier League recently secured its largest ever TV deal
Following criticisms that the new £5.14bn TV deal recently secured for rights to air the Premier League wasn’t benefitting most of English football, football’s most popular league has promised that £1bn will be redistributed down the English pyramid all the way to grassroots level.

Speaking after a meeting of the top flight’s 20 clubs, Premier League chief executive Richard Scudamore said each club would distribute £50m each over the next three seasons.

“This is unprecedented in world sport. You can’t find me another sport that is committed to this level of sharing,” said Scudamore. “It’s sharing in the success of English football. And this, in my view, is the right thing to do.”

The £1bn sum – which could increase depending on international TV deals – represents at least a 40 per cent increase over the existing agreement. That deal includes parachute payments for relegated clubs and solidarity payments to the Football League and Conference. Notably, the new deal includes significant investment in grassroots football, facilities and further fan engagement, with more money going to clubs which subsidise tickets and travel for away supporters.

At the meeting, fan groups protesting outside were demanding a fivefold increase in the away fans’ fund, which subsidises away travel, to £1m per club per year. Whether the new deal will be enough to satisfy those groups remains to be seen, but Scudamore said ticketing will largely remain a matter for the clubs to decide.

Of all the Premier League clubs, only Chelsea currently pays the living wage to all its staff – which stands at £9.15 an hour in London and £7.85 outside. Following the TV deal, all of the Premier League’s clubs agreed to pay all full-time staff the living wage by the start of the 2016-17 season. The deal, however, is not extended to subcontractors such as match-day stewards and catering staff.

FA chair Greg Dyke recently announced a £230m plan for 150 new 3G pitches around the country as part of an investment into grassroots football. Scudamore did not confirm whether the deal would help to fund this, only that the Premier League remained committed to investing in grassroots facilities.
RELATED STORIES
  Premier League clubs record first combined profit for 15 years


Premier League football clubs as a collective are back in the black for the first time in 15 years after England’s top 20 teams generated a combined pre-tax profit of £190m in 2013/14, according to Deloitte.
  £5.1bn Premier League deal 'should result in more grassroots funding'


A number of politicians and former players have called for the English Premier League (EPL) to ensure it "gives more money back" to the sport’s grassroots, following a record-breaking TV deal signed yesterday
  80 grassroots football facilities to share £17.7m funding


A total of 80 grassroots football facilities in England will benefit from £17.7m worth of investment from the Premier League & The FA Facilities Fund.
  Premier League spending for 2014-15 reaches £950m


English Premier League clubs spent £130m in the January transfer window, taking the total spend for the 2014-15 season to £950m – a new world record for one league in a single season.
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Following the release of season three Of Bridgerton, a study reveals its ten most Instagrammable filming locations.
Getty Museum refuses to surrender prized Greek bronze to Italy
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NEWS
Premier League agrees £1bn financing deal for rest of English football pyramid
POSTED 27 Mar 2015 . BY Tom Anstey
The Premier League recently secured its largest ever TV deal
Following criticisms that the new £5.14bn TV deal recently secured for rights to air the Premier League wasn’t benefitting most of English football, football’s most popular league has promised that £1bn will be redistributed down the English pyramid all the way to grassroots level.

Speaking after a meeting of the top flight’s 20 clubs, Premier League chief executive Richard Scudamore said each club would distribute £50m each over the next three seasons.

“This is unprecedented in world sport. You can’t find me another sport that is committed to this level of sharing,” said Scudamore. “It’s sharing in the success of English football. And this, in my view, is the right thing to do.”

The £1bn sum – which could increase depending on international TV deals – represents at least a 40 per cent increase over the existing agreement. That deal includes parachute payments for relegated clubs and solidarity payments to the Football League and Conference. Notably, the new deal includes significant investment in grassroots football, facilities and further fan engagement, with more money going to clubs which subsidise tickets and travel for away supporters.

At the meeting, fan groups protesting outside were demanding a fivefold increase in the away fans’ fund, which subsidises away travel, to £1m per club per year. Whether the new deal will be enough to satisfy those groups remains to be seen, but Scudamore said ticketing will largely remain a matter for the clubs to decide.

Of all the Premier League clubs, only Chelsea currently pays the living wage to all its staff – which stands at £9.15 an hour in London and £7.85 outside. Following the TV deal, all of the Premier League’s clubs agreed to pay all full-time staff the living wage by the start of the 2016-17 season. The deal, however, is not extended to subcontractors such as match-day stewards and catering staff.

FA chair Greg Dyke recently announced a £230m plan for 150 new 3G pitches around the country as part of an investment into grassroots football. Scudamore did not confirm whether the deal would help to fund this, only that the Premier League remained committed to investing in grassroots facilities.
RELATED STORIES
Premier League clubs record first combined profit for 15 years


Premier League football clubs as a collective are back in the black for the first time in 15 years after England’s top 20 teams generated a combined pre-tax profit of £190m in 2013/14, according to Deloitte.
£5.1bn Premier League deal 'should result in more grassroots funding'


A number of politicians and former players have called for the English Premier League (EPL) to ensure it "gives more money back" to the sport’s grassroots, following a record-breaking TV deal signed yesterday
80 grassroots football facilities to share £17.7m funding


A total of 80 grassroots football facilities in England will benefit from £17.7m worth of investment from the Premier League & The FA Facilities Fund.
Premier League spending for 2014-15 reaches £950m


English Premier League clubs spent £130m in the January transfer window, taking the total spend for the 2014-15 season to £950m – a new world record for one league in a single season.
MORE NEWS
Excurio and The Muséum National d'Histoire Naturelle create evolutionary VR experience
Virtual reality creators Excurio has teamed up with experts from The Muséum National d'Histoire Naturelle to create Life Chronicles London, a free-roaming VR experience.
The Park Playground opens first immersive VR franchise in Porto
The Park Playground, has opened its first Immersive VR franchise in Porto, Portugal.
Bridgerton Season three – most Instagrammed locations
Following the release of season three Of Bridgerton, a study reveals its ten most Instagrammable filming locations.
Getty Museum refuses to surrender prized Greek bronze to Italy
The European Court of Human Rights has recognised Italy’s claim to a prized Greek antiquity.
Merlin unveils record-breaking Hyperia coaster at Thorpe Park
Merlin Entertainments has launched its new Hyperia rollercoaster at Thorpe Park to celebrate its 45th year.
Second Chaos Karts launches in Dubai
Live action video game experience Chaos Karts has launched in a 15,000sq ft arena in Al Quoz, Dubai.
+ More news   
 
COMPANY PROFILES
Red Raion

Founded in 2014, Red Raion is the CGI studio for media-based attractions. [more...]
Holovis

Holovis is a privately owned company established in 2004 by CEO Stuart Hetherington. [more...]
IAAPA EMEA

IAAPA Expo Europe was established in 2006 and has grown to the largest international conference and [more...]
Sally Corporation

Our services include: Dark ride design & build; Redevelopment of existing attractions; High-quality [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

03-05 Sep 2024

ASEAN Patio Pool Spa Expo

IMPACT Exhibition Center, Bangkok, Thailand
03-08 Sep 2024

Spa Peeps International Corporate Cruise

Cruise London, Amsterdam, Zeebrugge, United States
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2024

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