Liverpool are set to receive a record £175million pay out in prize money for winning the Premier League title.
Topflight clubs agreed that they would receive their full prize money for last season, where Jurgen Klopp's Reds won by a huge 18-point margin, and delay any reductions caused by the coronavirus pandemic.
All 20 Premier League clubs decided that the relevant cuts that were made due to the virus outbreak, which could total up to £330million via rebates to broadcasters, will instead be spread out over future seasons in order to not affect club's current income at this fragile time, according to The Times.
The clubs also agreed to another advance of solidarity payments to EFL clubs, after the £125million paid in April that was actually due in August this month. However, they stopped short of bailing out the lower league teams.
All these decisions were discussed and made at last week's by-yearly meeting between Premier League club's chief executives and chairmen.
This is great news for Liverpool, who will receive a record sum of £175million in prize money and television broadcast earnings for their title triumph.
According to football finance expert Swiss Ramble, the Reds could have expected a £21million hit from their prize earnings if the decision was not made to stall the pay out cuts.
The Premier League has still not confirmed the payments to the clubs, as they usually do so in the week after the conclusion of the season.
One of the main factors for delaying the lesser earnings in prize money was made because negotiations are still ongoing with the 55 domestic and overseas broadcasters around a rebate for the disrupted schedule enforced by the pandemic.
The season just gone was the first in the new format for the TV deal cycle; the system that allocates TV money in a way to benefit the top clubs.
For the first time, the money paid to the clubs made from overseas broadcasters were allocated according to where they finished in the final standings, rather than split equally across all teams.
yiednsuz
550
klop is making money for Liverpool not only trophies
buzu4life
507
Well done Liverpool
MrLiverpool-11
463
Liverpool fans we need to relax little bit, this money has to go in different projects not only buying players. there is a reason why we have academy and why we are buying players who can go straight into Liverpool academy also there's a reason why LFC buy less expensive players. we don't have a Russian Mafia or Oil money owners. LFC got owners who most of their money come from sports activities. since COVID 19 effected all sports activities their spending became too tight, but they have big dreams about the team in improvement, achievement, development and make sure every Liverpool fan around the world is happy with their work they are doing. They didn't wanna bring in a manager who will want to buy all 25 members of the squad on the big money rather they bring in a manager who can buy few players that cost bigger and fewer less expensive mostly can trust on his academy stuff and players
AntiRacist1990
396
Oil Merchant mood when he knows that Liverpool had enough money to bring some good players 😂😂😂
Keckmnor
374
So should we send you our accounts numbers as fans We can’t support you for nothing
mayow555
361
you really deserve it.good luck
fascimtz
344
Will Liverpool use the money to add players? No one knows 🤦♂️