I don't understand where people get this idea that wages are going to suddenly swallow £30m a season. This increase is far greater than any previous TV rights increase, so looking to the past and saying 'it happened before' doesn't work.
£30m is £567,000 a week in extra wages. It's madness to suggest that's all just going to disappear into costs. There will be plenty of spare cash for transfers for at least the next two seasons.
Besides, from 2013-2014 any club with a wage bill over £52m will only be allowed to increase it by £4m a season. The only way you can get around that is by using money not from the Premier League deals, which we are poor at anyway.
Our wage bill in 2010/11 was £58m, so those sanctions apply to us.
This TV deal is huge, to say the least. The last time we had a massive increase was for the period 2007 - 2010, when the deal was done for 1.7 billion ( A jump up from 1 billion for the 2004 - 2007 deal )
During the 2007 - 2010 period, did we decrease the debt or increase it?? and also, what assets did we sell during that period ( I think Bellefield was, did we sell the Netherton training facility as well?? )
Yes, this current deal is massive, but so was the 2007 deal compared to the previous one. We can't keep relying on the tv deals, we need our own commercial growth to keep ahead of the likes of Fulham and Sunderland etc etc etc.
I would like to think this tv deal will be different to the previous one, but i have the feeling that we will just be having bigger loans from Vibrac for future tv money.
Link for tv deals from the daily hate.
http://www.dailymail.co.uk/news/article-2158898/Premier-League-footballers-set-richer-broadcast-rights-sold-Sky-BT.html
The £3BILLION bonanza: Premier League footballers set to get even richer as broadcast rights are sold for record sum to Sky and BT
2013-16 rise is a massive £1.254billion or 70% increase
By Damien Gayle
PUBLISHED:20:57, 13 June 2012| UPDATED:08:48, 14 June 2012
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More cash for Mario: The Premier League deal will hand millions more to clubs to spend on players
The Premier League has cashed in with a new £3.018billion deal which splits domestic broadcast rights between BSkyB and phone company BT.
The phenomenal new deal for 2013-16 is a massive £1.254billion - 70 per cent - increase on the current deal, which is shared between Sky and U.S.-based sports network ESPN.
The extra cash for clubs will give them extra millions to splash on players' salaries and transfer deals, making the world's most-watched football league even more of a bonanza.
Premier League footballers have come under fire in recent years for their extravagant lifestyles and huge pay deals, and the latest injection of cash into the competition will likely inflate salaries even further.
However the league has already told clubs that it expects at least some of the cash to be invested in new infrastructure and youth development.
Under the new deal, Sky will continue to broadcast the bulk of the Premier League's matches.
The broadcaster has bought five of the seven available packages for the seasons 2013/14 to 2015/16, totalling 116 matches per year.
BT have acquired the rights for 32 matches in the first season of the deal but their package includes 18 of the 38 first-choice picks, which means some of the biggest games will theirs.
The telecoms company said it would launch a new football-focused channel to broadcast their share of the matches.
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'It will offer new interactive features when supplied over BT’s fibre network and we will look to distribute it on other platforms,' BT said in a statement.
Premier League chief executive Richard Scudamore revealed the thrilling climax to the recent season, when Manchester City won the title in injury time on the last day, contributed to the increase.
'We have just come off the back of a fantastic season and it has been good for us,' Mr Scudamore said.
'We went to the market at the right time. It was a very competitive process which if you are selling is a very good thing.'
However, at after announcing the deal this afternoon, he pleaded with clubs not to simply use the extra cash to rack up losses and fuel wage inflation, but also to invest in infrastructure and youth development.
'We are entering a new era with financial fair play, I'm hoping it will get invested in things other than playing talent. It should also be able to achieve sustainability,' the Guardian quoted him as saying.
In a statement on the Premier League website, Mr Scudamore said: 'The Barclays Premier League continues to provide excellent football and enthralling drama as we saw last season. The value this drives for our rights holders is evident and we are extremely pleased that this has been realised for our UK live rights.
'As ever, the security provided by broadcast revenues will enable our clubs to continue to invest in all aspects of their football activities and plan sustainably for the foreseeable future.
'This deal allows them to keep delivering what fans want; top quality football in some of world’s best club stadia and an increasing focus on and commitment to areas such as Youth Development.