Liverpool set for record payday as clubs agree to delay cuts

Liverpool will receive a record 175 million pounds 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.

FILE PHOTO: Soccer Football - Premier League - Liverpool v Chelsea - Anfield, Liverpool, Britain - July 22, 2020 Liverpool's Jordan Henderson with team mates celebrates with the trophy after winning the Premier League Pool via REUTERS/Paul EllisREUTERS: Liverpool will receive a record 175 million pounds 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 330 million pounds , would be spread out over future campaigns.If the rebate was applied, Liverpool's prize money would have been reduced by 21 million pounds, the Times said, citing financial expert Swiss Ramble.

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 clubs in addition to the 125 million pounds in advance payments agreed in April.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SIA, Alpa-S agree on pilot pay cut, change to compulsory no pay leave schemeSINGAPORE Airlines (SIA) and the Air Line Pilots Association - Singapore (Alpa-S) have inked a memorandum of agreement (MOA) which will see pilots taking a 10 per cent cut in their basic salary and an adjustment to their compulsory no pay leave (CNPL) scheme. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

British Airways reaches deal in principle with some Heathrow staffBritish Airways has agreed a deal with trade unions representing parts of its workforce in Heathrow over planned job cuts, with the airline's ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Li Shengwu agrees to pay S$15,000 fine for contempt of court, but won't admit guiltSINGAPORE — After being fined S$15,000 for scandalising the judiciary in a 2017 Facebook post, Mr Li Shengwu said on Tuesday (Aug 11) that he would pay the fine “in order to buy some peace and quiet”, but added that he does not “admit guilt”.
Source: TODAYonline - 🏆 1. / 99 Read more »

Delay routine dental checkups, WHO urges, until COVID-19 risk is knownDental patients and staff need to be protected from any potential infection by aerosol-generating procedures, the World Health Organization (WHO) ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Delay routine dental checkups, WHO urges, until coronavirus risk is knownGENEVA (REUTERS) - Dental patients and staff need to be protected from any potential infection by aerosol-generating procedures, the World Health Organisation (WHO) said on Tuesday (Aug 11), as dentists return to work in areas where the Covid-19 pandemic is easing.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

New Zealand delays election process as it plunges back into coronavirus lockdownWELLINGTON: New Zealand Prime Minister Jacinda Ardern on Wednesday (Aug 12) delayed a key step toward next month's general election, as the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »