Liverpool set for record payday as clubs agree to delay cuts

Liverpool will receive a record GBP 175 million payout for winning the Premier League.

Jordan Henderson celebrates with his team-mates after Liverpool clinched the Premier League title.   -  REUTERS

Liverpool will receive a record GBP 175 million (USD 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 GBP 330 million (USD 430.49 million), would be spread out over future campaigns.

If the rebate was applied, Liverpool’s prize money would have been reduced by GBP 21 million, The Times said, citing financial expert Swiss Ramble.

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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 GBP 125 million in advance payments agreed in April.

The Premier League declined to comment.

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