Premier League clubs have agreed that they will receive a full prize money payout for last season after agreeing to delay any reductions caused by the coronavirus pandemic.
According to a report by The Times, all 20 clubs have decided that the Covid-related cuts to TV income will be spread out over future seasons and will not affect the most recent campaign.
It is believed that clubs in the top-flight could be forced to pay back £330million in rebates to broadcasters after the Premier League season was halted in March due to the outbreak of Covid-19.
As a result of clubs delaying reductions, the report adds that Liverpool will receive a record sum of about £175 million in prize money and TV earnings from winning the title.
While if the rebate had been applied to last year’s earnings it would have seen Liverpool’s prize money drop by £21 million, according to analysis by Swiss Ramble.
The Premier League are yet to confirm this year’s final figures and sources have told The Times the decision to “delay the pain” of the pandemic was confirmed at last week’s Annual General Meeting.
And the reason behind the delay was because negotiations are still continuing with many of the Premier League’s 55 domestic and broadcast partners around a rebate for the season being disrupted.
While clubs in the Premier League have also agreed to another advance of solidarity payments to EFL clubs, following the £125million paid in April that had been due this month, but stopped short of a bailout of the lower-league teams
