Premier League generates £5.14 billion in TV bidding war

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Premier League generates £5.14 billion in TV bidding war

Today the Premier League clubs are being urged to drop ticket prices after huge TV deal has been made.

It comes as a result of the League selling the television rights to the games in one of the most fierce and high-profile broadcast auctions in current times.

The matches under the hammer where the 126 Premier League games which will be broadcast each season from 2016-17.

The two main contenders were Sky and BT Sport. And the winning result, Sky got the majority taking five of the the seven rights packages home for the hefty price tag of £4.2 billion, with BT taking the remaining two packages for £960 million.

Overall the Premier League matches cost £5.14 billion, which is a 70 per cent rise on the current contract of £3 billion, meaning the current breakdown for each game is £10.8 million.

There has been calls by the government saying that at least some of this money generated should go towards some of the grassroots football organisations. However when the Premier League’s Richard Scudamore was questioned on this subject he said: "We're not set up for charitable purposes. We are set up to be the best football competition."

This comes as news that this could see the most expensive footballer to date, with some top-flight players eating up to £500,000 a week.

The Premier League’s new £5.136 billion deal could hike up the wages of the like of Wayne Rooney, who currently earns £230,000 a week or Radamel Falcao takes home a reported £265,000 each week.

According to the Financial Times the average weekly wage in the Championship, League One and League Two last season was £6,049, £1,690 and £801.

With more on this story was Jo Tilly with the latest sports news and the list of sports matches that may cause you heartbreak over this Valentine's Day weekend.


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