News24

Man City earns record $98m

2012-05-15 09:05

London - 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 favour of the top sides, with half the domestic TV cash and all the overseas rights income split equally between the 20 clubs.

"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 on Tuesday.

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.

Bottom-place Wolverhampton Wanderers earned 39.1 million pounds ($62.3 million).

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Comments
  • Jason - 2012-05-15 09:38

    probably covers a months worth of salary's.

  • Jason - 2012-05-15 13:15

    incredible amounts of money.

  • Jody - 2012-05-15 13:39

    Love City. Taken a while but worth it. Cmon Cityyyyyyyyyyyyyyyyyyyyy.

  • Acta - 2012-05-15 15:18

    What is the record for spending the most money in a season? When and who was this???

  • Cyrus - 2012-05-16 10:38

    And expenses? How much was their losses???

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