Liverpool set for record payday as clubs agree to delay cuts
Liverpool will receive a record 175 million pounds ($228.45 million) payout for winning the Premier League, according to the Times. This was after all 20 clubs in England’s top-flight agreed to postpone reductions caused by the COVID-19 pandemic. The newspaper reported that teams will receive their entire payout for last season and rebates to broadcasters. […]
Liverpool will receive a record 175 million pounds ($228.45 million) payout for winning the Premier League, according to the Times.
This was after all 20 clubs in England’s top-flight agreed to postpone reductions caused by the COVID-19 pandemic.
The newspaper reported that teams will receive their entire payout for last season and rebates to broadcasters.
This could amount to 330 million pounds ($430.49 million) would be spread out over future campaigns.
If the rebate was applied, Liverpool’s prize money would have been reduced by 21 million pounds, the Times said, citing financial expert Swiss Ramble.
The 2019-20 season was the first of a three-year cycle in which international broadcast revenue would be allocated to clubs, based on where they finished in the table instead of being split equally between the teams.
The newspaper said top flight teams had agreed to make solidarity payments to English Football League clubs in addition to the 125 million pounds in advance payments agreed in April.
