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Sunday, 26 May 2013

Man City earns record $98M from TV for title win

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Reported by: AP/UNBconnect
Reported on: May 15, 2012 10:16 AM
Reported in: Sports
News - Man City earns record $98M from TV for title win

LONDON, May 15 (AP/UNB) - Manchester City's income from broadcast payments while winning the title hit a Premier League record 60.6 million pounds ($97.6 million).

Unlike many other leagues, the income is not skewed in favor of the top sides, with bottom-place Wolverhampton Wanderers earning 39.1 million pounds ($62.3 million).

"We believe the way we distribute broadcast income plays a part in allowing each club to compete at the highest level," Premier League chief executive Richard Scudamore said in a statement Tuesday.

Half the domestic TV cash and all the overseas rights income is split equally between the 20 clubs.

Each club received an equal share of 13.7 million pounds ($22.1 million) from domestic broadcasters, 18.7 million pounds ($30.1 million) from overseas broadcast rights, plus 755,000 pounds ($1.2 million) for each place they finished in the final standings.

Around 570,000 pounds ($917,870) is also paid out each time a club features in live TV matches.

That meant Arsenal earned 56.2 million pounds ($90.5 million) while finishing third, but fourth-place Tottenham earned 57.4 million pounds ($92.4 million) after playing in 23 live TV games compared to its north London rival's 19.

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