Man City to rake in millions in Premier League title prize money
LONDON — The English Premier League reached its conclusion (at least in terms of the winners) on Tuesday, with Manchester City crowned champions without even having to kick a ball.
Their nearest rivals Manchester United lost at Leceister City meaning that no one can now catch Pep Guardiola’s team, who clinch the title for the third time in five years and stand to rake in a tidy windfall for doing so.
Premier League’s global audience
The Premier League brings in the highest television audiences of all of the major football leagues, and pool money from the competition’s broadcasting rights, through both domestic and international packages, is a major source of income for all 20 clubs but particularly those who finish higher up the table or whose matches are shown more.
According to Forbes, a portion of the pool money is distributed based on a club’s finishing position in the final standings. City will receive their equal share portion of the total pool which equates to 50% of the total pool, shared equally between all 20 clubs. In 2019, that was 34 million pounds, just under 40 million euros.
Then there is a the facility fee, which is 25% of the pool, which is divvied out depending on how many times team’s games are broadcast within the UK. After that are the merit payments, which is the remaining 25%. This is a tapered pay-out depending on where a team finished in the standings, City, as champions, will obviously receive the biggest portion.
Money from around the world
City will rake in money from other areas such as central commercial revenues, again this is an equal cut given to all 20 clubs. In 2019, each club received around 6 million euros. And finally, there is income from overseas television broadcasting rights — revenues from overseas partners in over 80 territories worldwide. The last time City won the Premier League, they took home 150 million pounds (175M euros) but this year, that figure will almost certainly be lower due to lost revenue during the pandemic.
— AS English