SINGAPORE: While much of the footballing world focused on Argentine superstar Lionel Messi’s future at Barcelona there was more significant, but perhaps less noticed, news that the English Premier League had terminated its broadcasting contract with PPTV in China.
The league was suspended due to the spread of coronavirus and when it returned, games were played in empty stadiums which did not help the viewing experience. "Retail revenues will be impacted due to the closure of our Megastore. Broadcast revenues will be dependent on the timing of matches played in the fourth quarter. Matchday revenues will be significantly impacted by the closure of Old Trafford to fans."
Such figures enable even smaller Premier League teams to attract some of the world’s top talent. Accountancy firm Deloitte reported earlier this year that of the top 30 European clubs in terms of revenue, 11 were English with broadcast revenue forming a large portion of this.Overseas income has become increasingly important. In 2019, the amount paid by broadcasters to the league reached US$12 billion for the following three seasons.
Source: Entertainment Trends (entertainmenttrends.net)
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