Liverpool will receive a record 175 million pounds ($228.45 million) 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 330 million pounds ($430.49 million), would be spread out over future campaigns.
If the rebate was applied, Liverpool's prize money would have been reduced by 21 million pounds, the Times said, citing financial expert Swiss Ramble.
If we assume that the clubs have the same number of games broadcast live in 2019/20 as the previous season, we can estimate the impact of the new deal in 2019/20. Based on this assumption, #LFC would receive a hefty £175m, followed by #MCFC £168m, #MUFC £166m and #CFC 161m. pic.twitter.com/zrruYiMmHE
— Swiss Ramble (@SwissRamble) August 12, 2020
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 125 million pounds in advance payments agreed in April.
The Premier League declined to comment.
($1 = 0.7660 pounds) (Reporting by Arvind Sriram in Bengaluru; Editing by Ken Ferris)
