Liverpool set for record payday


Liverpool set for record payday
FILE PHOTO: Soccer Football - Premier League - Liverpool v Chelsea - Anfield, Liverpool, Britain - July 22, 2020 Liverpool's Jordan Henderson with teammates celebrates with the trophy after winning the Premier League Pool via REUTERS/Phil Noble

In Summary

  • Liverpool will receive a record Sh24.7 billion payout for winning the Premier League after all 20 clubs in England’s top-flight agreed to postpone any reductions caused by the COVID-19 pandemic, according to the Times
  • The newspaper reported on Wednesday that teams will receive their entire payout for last season and rebates to broadcasters, which could amount to Sh46.6 billion, would be spread out over future campaigns

Liverpool will receive a record Sh24.7 billion payout for winning the Premier League after all 20 clubs in England’s top-flight agreed to postpone any reductions caused by the COVID-19 pandemic, according to the Times.

The newspaper reported on Wednesday that teams will receive their entire payout for last season and rebates to broadcasters, which could amount to Sh46.6 billion, would be spread out over future campaigns.

If the rebate was applied, Liverpool’s prize money would have been reduced by Sh3 billion, the Times said, citing financial expert Swiss Ramble.

The 2019-20 season was the first of a three-year cycle in which international broadcast revenue would be allocated to clubs based on where they finished in the table instead of it being split equally between the teams.

The Times also said top flight teams had agreed to make solidarity payments to English Football League (EFL) clubs in addition to the Sh17.7 billion in advance payments agreed in April.

The Premier League declined to comment.

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