The Premier League is one of the most well-known and loved leagues in the world, most people choose to watch football as their first choice sport either on their television or at their club's stadium, but just how much money does it cash in each season?
It is no secret that most Premier League clubs are very well off. The likes of top four sides Manchester United, Chelsea, Manchester City, Arsenal and Tottenham have their fair share of money. All teams in the league will receive a cash sum at the end of the season; this all depends on where they finish in the table. The likes of Manchester United who came first would have received the most money. Roman Abromovich, billionaire and owner of Chelsea F.C is well-known for his spending sprees in the transfer windows, Chelsea are one of the richest clubs in the world. Â The bottom three clubs that get relegated each season will receive something known as a parachute payment if they are a club who have been promoted and then been relegated the season after. This means they receive some money but not the whole amount, unless they manage to stay up again.
With the news of phone company BT now bringing Premier League matches to our screens it looks as though the Premier League teams are in for some more cash. The league have secured a £3.018 billion deal which will split right between popular sports provider Sky and new provider BT. Up until now Sky have been the ones making the millions with their sport broadcasting, you can currently watch all kinds of sport of Sky sports. Scheduled programmes include Super Sunday where you can view 1.30pm and 4pm games and Monday night football giving you the opportunity to watch 8pm kick-offs.
In 1992 Sky made a deal with the Premier League for £190 million pounds which would allow them to broadcast 60 games from the season. There is a large difference in the money spent in these deals today, in years 2010-2013 the League will be reaping in £1.782 billion pounds for allowing Sky and ESPN the rights to broadcast 138 games from the season. It is not only the clubs who will be cashing in; player's wages will increase, bringing them more millions in per week. With these broadcasting companies throwing that amount of money at the league every three years it is no surprise that professional footballers are on such a high wage, however part of the reason that these large sums are being paid out is because Sky sports is now so popular Sky themselves will just keep on paying the Premier League as much money as they demand, allowing them to broadcast the main matches. Without the Sky sports customers, Sky would not be making all of their millions and therefore would not afford to pay these amounts to the league.
As well as the public paying out for television subscriptions and match day tickets they also purchase the Premier League jerseys. With the amount of clubs releasing a new kit every season now, the most passionate supporters will always buy their club's new kit. This is more money for teams; ultimately the public are giving a lot of money in to the league, the club's and the players themselves. Their wages will not stop increasing whilst the league and the clubs are getting richer.
What do you think about professional footballer's wages? Are they overpaid?
Let us know your thoughts.
Emily writes exclusively for Soccer Box, here you can view a large range of Premier League Jerseys, Training Wear and Souvenirs.
It is no secret that most Premier League clubs are very well off. The likes of top four sides Manchester United, Chelsea, Manchester City, Arsenal and Tottenham have their fair share of money. All teams in the league will receive a cash sum at the end of the season; this all depends on where they finish in the table. The likes of Manchester United who came first would have received the most money. Roman Abromovich, billionaire and owner of Chelsea F.C is well-known for his spending sprees in the transfer windows, Chelsea are one of the richest clubs in the world. Â The bottom three clubs that get relegated each season will receive something known as a parachute payment if they are a club who have been promoted and then been relegated the season after. This means they receive some money but not the whole amount, unless they manage to stay up again.
With the news of phone company BT now bringing Premier League matches to our screens it looks as though the Premier League teams are in for some more cash. The league have secured a £3.018 billion deal which will split right between popular sports provider Sky and new provider BT. Up until now Sky have been the ones making the millions with their sport broadcasting, you can currently watch all kinds of sport of Sky sports. Scheduled programmes include Super Sunday where you can view 1.30pm and 4pm games and Monday night football giving you the opportunity to watch 8pm kick-offs.
In 1992 Sky made a deal with the Premier League for £190 million pounds which would allow them to broadcast 60 games from the season. There is a large difference in the money spent in these deals today, in years 2010-2013 the League will be reaping in £1.782 billion pounds for allowing Sky and ESPN the rights to broadcast 138 games from the season. It is not only the clubs who will be cashing in; player's wages will increase, bringing them more millions in per week. With these broadcasting companies throwing that amount of money at the league every three years it is no surprise that professional footballers are on such a high wage, however part of the reason that these large sums are being paid out is because Sky sports is now so popular Sky themselves will just keep on paying the Premier League as much money as they demand, allowing them to broadcast the main matches. Without the Sky sports customers, Sky would not be making all of their millions and therefore would not afford to pay these amounts to the league.
As well as the public paying out for television subscriptions and match day tickets they also purchase the Premier League jerseys. With the amount of clubs releasing a new kit every season now, the most passionate supporters will always buy their club's new kit. This is more money for teams; ultimately the public are giving a lot of money in to the league, the club's and the players themselves. Their wages will not stop increasing whilst the league and the clubs are getting richer.
What do you think about professional footballer's wages? Are they overpaid?
Let us know your thoughts.
Emily writes exclusively for Soccer Box, here you can view a large range of Premier League Jerseys, Training Wear and Souvenirs.
