The Athletic have revealed that the Premier League has come to an agreement with broadcaster Sky Sports in order to defer payment of a rebate worth more than £170 million by a further year.
Even if the current Premier League season is completed behind closed doors as planned, top-flight sides will have to collectively repay up to £330 million that they had received from broadcasters.
This figure could rise to a whopping £762.2 million if the season is not completed due to a sudden spike in COVID-19 cases.
The £330 million rebate will not be shared evenly among all twenty clubs, as the Premier League’s broadcasting income is not distributed equally, and is dependent on factors like how often teams are shown on television and where they finish in the table.
However, it has now been revealed that Sky has agreed to claim its rebate of £170 million during the 2021-22 season. Sky’s deferral has reportedly afforded clubs some breathing space and temporarily eased their cash flow worries.
It is asserted that this move will allow all twenty Premier League clubs, including Tottenham, greater flexibility in the transfer market this summer, serving as an advantage over rivals in other major European leagues.
Spurs Web Opinion
This decision, along with the substantial loan that Tottenham Hotspur were able to obtain from the Bank of England, should give the club some leeway in the transfer market. However, Daniel Levy is not likely to take risks under the current climate. So, I would be extremely surprised if we spent much money on transfers this summer.
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