Premier League ‘Big Six’ thwarted in bid for larger TV cut
LONDON: The Premier League’s ‘Big Six’ clubs have been stopped in their bid to gain a greater share of the English top flight’s lucrative overseas television deals, it was announced Tuesday.
Currently, the money from the globally popular Premier League makes from foreign broadcasting deals is shared evenly between the 20 clubs in the division.
But the likes of Arsenal, Chelsea, Liverpool, Manchester United, Manchester City and Tottenham Hotspur – the so- called ‘ Big Six’ – argued their greater worldwide popularity entitled them to a bigger cut.
Earlier this month it was decided further talks were needed on amending the league’s rules, but a statement issued by the Premier League on Tuesday said a planned meeting had been cancelled after it had “become clear that there is currently no consensus for change”.
A two-thirds majority would be needed to change the current setup, meaning 14 clubs would have to be in favour, and Premier League chairman Richard Scudamore had come up with a compromise plan which would see 35 per cent of the overseas rights shared out according to final league position – a similar scheme is used to allocate domestic broadcast revenues.
But with overseas income growing at a faster rate than that being generated domestically, many clubs were concerned about the possible impact of any change. — AFP