EPL breaks financial record for TV rights

The English Premiership is unarguably the most lucrative in the world with some of its clubs churning the biggest weekly wages for its players.

Aside from Real Madrid and Barcelona who topple English teams in the rank for the richest clubs, you could almost say that England has the biggest teams too.

The EPL scores another high with TV rights deal involving Sky Sports and BT Sport who together paid a total sum of £5bn for broadcast rights covering three seasons, beginning from 2016/2017 to the 2019 season.

The deal is an improvement on the existing one and will bring more matches live on TV

The new contract has Sky Sports and BT showing 168 of the 380 premier league matches per season at an average cost of just over ten million pounds per match.

Sky Sports are expected to show 126 matches and the sports channel paid £4.1bn while BT paid £960m to show 42 matches. Sky Sports’ deal covers early Friday matches and the Sunday clashes.

Also, the EPL is looking to invest £56m in grassroots development, a venture that would reduce ticket prices.

TV revenue yet would increase when the EPL sells its international broadcast rights which is in the region of £3bn or more.

The chief executive of the Premier LeagueRichard Scudamore said the huge amount was testament to the clubs which 'put on a magnificent show'

The Premier League also made clear that it is engaged in significant charitable projects, and sports development projects in the community

'£800m will be given away by the Premier League [over the current three-year term].

'Be it to clubs in lower leagues, to charities. We do more than anybody in this country to redistribute our income,'  Mr Scudamore said.

'This deal will bring increased benefits to clubs lower down the football pyramid, the grassroots of the game, through further investment in facilities, and supporters,' Sports minister Helen Grant adds.