The Premier League’s top six clubs – Manchester United, Manchester City, Chelsea, Arsenal, Tottenham and Liverpool – have failed in their attempts to secure a greater portion of revenue generated by international television broadcasting deals.
Overseas broadcasting rights generate English top flight £3bn. This money is currently divided equally between the Premier League’s 20 competing teams.
However, The big six have demanded that 35 percent of that – approximately £1.05bn – is awarded based on each club’s final league position.
Such a redistribution would see the teams at the bottom of the table lose out on millions of pounds each season.
Unsurprisingly, these clubs have faced strong opposition from the league’s lower placed teams. According to The Telegraph, only Everton, West Ham and Leicester City supported the proposal.
The other 11 Premier League sides feel that this would unfairly balance the league in favour of the top sides, making it difficult for smaller clubs to compete at the top end of the table.
A meeting between the clubs saw the big six fail in their attempts. Requiring a majority of at least two thirds, the proposal was rejected.
According to reports, representatives of the big six have threatened to breakaway from the Premier League if their appeal is rejected.
With the backing of Premier League executive chairman Richard Scudamore, they hoped that such threats would be enough to force through their demands.
Despite insisting that additional time and consideration was needed before making a final decision, the Premier League has now put an end to such talks.
“In the absence of a significant majority in favour of doing things differently, the current rules will apply.”
With talks now over, a re-vote, scheduled to take place on Wednesday, 25 October, has been cancelled.
That’s good news for the Premier League’s bottom half. According to The Telegraph, the Premier League estimates growth of 40 percent on such deals over the next three years. This would see overseas broadcasting rights rise to £4.2bn by 2020.