Premier League: Rise in overseas broadcast revenue leads to prize money increase

Premier League television revenue is to exceed £10bn for the first time, which will drive up prize money and ensure that even the bottom club will pocket more than £100m as of next season.

The 2022/23 champions will be rewarded with £176m in prize money, up from £153m this season.

The increase comes after what the Daily Telegraph has described as ‘bidding wars in America and beyond’ as broadcasters around the globe fight for the right to show live Premier League football.

From next season, the global broadcast market will, for the first time, be worth more than what Sky Sports, BT Sport, Amazon and the BBC collectively pay to broadcast the Premier League in the UK.

The total value of the international broadcast packages will grow to £5.3bn, up from £4.1bn. The current value of the domestic broadcast packages is set at £5.1bn and will remain so until 2024. Overall, it is said the total fund is worth £10.5bn once other new commercial deals are factored in.

Of that money, around £1.6bn is expected to be handed to the football pyramid below.

The extra income from overseas broadcasters won’t be split equally among Premier League clubs, however, with those who perform better earning more. That was not previously the case and chief executive Richard Masters is credited with ‘seeing off a big-six rebellion’ over the matter.

For more from Jamie Spencer, follow him on Twitter and Facebook!