Premier League clubs agree to share £1billon of UK television money outside of the Premier League with no mention of cutting ticket prices.
Premier League clubs met today for the first time since the sale of the UK television rights for Premier League games was announced for the seasons 2016/17-2019.
The clubs agreed to continue with the long standing policy of sharing a portion of the TV money outside of the Premier League and decided, depending on the regulatory challenge from Ofcom and international sales, that at least £1bn will be shared with beneficiaries outside of the England’s top division.
If all goes well with the Ofcom challenge then this massive amount will be spread throughout five key areas of the game, focusing on grassroots facilities, participation (sporting and education development of young people), fan engagement and matchday experience, solidarity with lower leagues and supporting disadvantaged groups.
Premier League Chief Executive, Richard Scudamore, said: “The clubs have always stepped up to the plate when it comes to sharing their success. They appreciate that the development of the Premier League is contingent to a high degree on continued high levels of passionate support and a vibrant football pyramid.
“These are unprecedented levels of redistribution in world sport, let alone football, which will deliver long-term progress for English football whether you are a fan, lower league club or involved in the grassroots.
“Clearly this package is dependent on the outcome of our international live rights and the ongoing Ofcom investigation, so the detail won’t be known until later this year or in early 2016.
“The clubs also committed to adopting the Living Wage for all their full-time employees by the start of the 2016/17 season at the latest.
“All this demonstrates once again that a good result for the Premier League is good for the rest of the game and beyond.”
Whilst the Premier League clubs have decided to continue sharing the money outside of the league there is no specific mention of lowering ticket prices for fans who attend games across the 20 Premier League clubs.
This may come as a disappointment to some fans who believe that they are being priced out of supporting their team, while supporters in other European countries, such as Germany, enjoy much lower ticket prices in a less profitable leagues.