Top Clubs in Football got to be Richest after TV rights Sell

Earlier in February, Sky and BT Sport agreed on making a deal involving the broadcasting TV rights of the Premier League which was reported to be worth £5.14. This cash injection has allowed all the clubs in the top tier English League on entering the top 30 richest clubs in the world thanks to their revenue and this can also help out the clubs on signing foreign talent with this extra cash.

This astronomically high cash deal that was done brings a number of positive effects but at the same time it delivers numerous consequences which are harmful to the English national football team as the former Tottenham Hotspur chairman Lord Sugar said that this deal is doing more damage than good.

Lord Sugar confirmed that £340m of the recent deal will be spent on the development of youth centers which is good news the teams in the Premier League but a big portion of the remaining money is not going to be spent in the way that it should in order to help the national team as more and more cash will be used to sign players from abroad and not allow the improvement of England’s football squad. (more…)