Friday, November 27, 2020

Arsenal, Man Utd, Chelsea, others to pay £519m bill

The teams that played in Europe last season, are set to pay a huge , as they continue to bear the impact of the coronavirus.

European Club Association (ECA) chairman, Andrea Agnelli, on Tuesday revealed that the continent’s biggest clubs and , have agreed to pay back up to £519million to its broadcast partners.

Liverpool, Chelsea, Arsenal, Tottenham, Manchester United, Manchester City, and Wolves represented England in the and Europa League during the 2019/2020 campaign.

Along with the rest of Europe’s elite, they will now pay a huge rebate to TV companies.

Agnelli said: “We have seen very important rebates to the principal broadcasters both at domestic level and at the international level.

“We have seen a £330million rebate in the , we have seen a downturn in the Bundesliga domestic rights of about €200million.

“We are in the process of finalizing the account with with a reduction of around €575million (£519m) for the international club competitions, and that is all money that is normally distributed.”

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