Forgot Password

 

Register

 

Create your Connect ID

This will allow you to login to all DStv websites & applications




or
Login using
x

Email Reset

 




Loading...
Loading Live Scoring...
*All times CAT (GMT+2)

Football | Barclays Premier League

Cash-rich EPL weighs spending curbs



English Premier League clubs discussed plans on Thursday to ensure that a huge injection of cash from broadcasters around the world ushers in an era of greater financial stability.

Having secured a domestic television deal worth one billion pounds per season from 2013 - a 70 percent increase - the Premier League has since negotiated a series of improved overseas agreements including one with NBC in the United States.

That has fuelled optimism that overseas TV income will comfortably beat the total of more than £1.3 billion generated in the three-year cycle that ends in 2013.

"If you factor in 40 percent growth, you get to around 2 billion pounds, that seems eminently possible," said Alan Switzer, part of the sports business team at Deloitte.

ESPN Star Sports, owned by Rupert Murdoch's News Corp, is believed to have retained the rights in India in the latest agreement, expected to be confirmed this week.

The trick now for England's top 20 teams is to ensure that the latest cash infusion does not translate straight into higher pay for players and bigger commissions for their agents.

WAGE COSTS

Total club wages ate up 70 percent of record Premier League revenues in 2010-11, according to a study by Deloitte, leaving very little over in terms of profit.

Measures to ensure clubs curb losses, known as "Financial Fair Play", have been agreed for Europe's top teams and were on the agenda when Premier League clubs held one of their regular meetings in London on Thursday.

The clubs looked at options including introducing a break-even requirement and forms of wage restraint, without reaching any final conclusions.

There is thought to be a broad appetite for tighter financial discipline but 14 or more clubs need to back any proposal before it can take effect.

"We are supportive of proposals broadly mirroring Financial Fair play which obviously we abide by already," Manchester United executive vice chairman Ed Woodward said as the club presented its financial results on Wednesday.

Along with TV cash, English football has been transformed in recent years by money poured into clubs by fabulously wealthy new owners like Russian Roman Abramovich at Champions League winners Chelsea and Abu Dhabi's Sheikh Mansour at Premier League champions Manchester City.

OVERSEAS APPEAL

The Premier League outperforms other European leagues in the amounts it generates for global TV rights.

It has not so far commented on how much it has raised from the latest overseas deals - with some clubs wary of flaunting their wealth ahead of the January transfer window.

English football's rich history combined with the cosmopolitan nature of many of its top clubs help to explain its appeal internationally.

Last season's dramatic climax when Manchester City pipped local rivals United to the title on goal difference will also have helped to promote sales.

"The global TV rights explosion the Premier League has discussed today has been driven by England's heritage and connections with so many countries around the world," said Andrea Radrizzani, CEO of media company MP & Silva.

"The product values are high with great end-to-end football being played by the top teams," added Radrizzani, an Italian whose company manages and distributes TV rights for sports events around the globe.

Shop

Gerrard: My Autobiography
Steven Gerrard is a hero to millions, not only as the inspirational captain of Liverpool FC, but as a key member of the England team.
R152.00
Rafa: My Story
Revelatory memoir from the greatest sportsman in the world today.
R182.00
FIFA 14
Xbox 360
R549.00
Mitre Ultimatch Soccer Ball - White
A high quality football, offering high performance at both training and during football matches.
R252.00


Comments

More expert analysis and opinion from Sport24
The opinions expressed by Sport24 experts and bloggers are theirs alone, and do not necessarily represent those of SuperSport

Sports Talk



Neil Tovey
A striking concern
After Bafana Bafana drew a blank against Nigeria in Cape Town last week, our national striking woes...

Dr Errol Sweeney
Ref’s decisions to be challenged?
I read recently that Joseph “Sepp” Blatter, the current Fifa president, is considering a move which...

Segun Odegbami
Worried, frustrated, angry and excited
Let me state it up front - I am worried, frustrated, angry and exited, all at once!

Carol Radull
Was Arsenal playing football?
What on earth was that? What was that game Arsenal were playing in Germany on Tuesday night?

Calvin Emeka Onwuka
The pressure is on at Man United
By the time the summer transfer window closed in Europe, Manchester United had spent heavily. Times...

Arjun Vidyarthi
Reds back in Europe with a win
The Champions League is all about high octane action and last minute goals and that’s exactly what...