The 20 clubs in the Premier League will receive all of their prize money for the 2019-20 season having agreed to defer Covid-19-related rebates to broadcasters and spread them out over future seasons, reports SportBusiness.
It has been reported that clubs will have to repay broadcasters roughly £330m ($430.8m/€366.6m) after the season was suspended due to the pandemic and then resumed behind closed doors in June.
The clubs' decision to defer the repayments was taken at last week's annual general meeting of club chairmen and chief executives because the league continues to negotiate the extent of the rebates with its 55 domestic and international broadcast partners, The Times reports.
As a consequence, clubs will receive the full amount due to them for the 2019-20 season, the first year of a new distribution model for overseas rights in which a proportion of prize money is based on where a club finishes in the league.
The payments are calculated on an equal share of domestic TV revenues, the share of overseas revenues based on finishing position, payments for TV appearances and merit payments for league placings. The clubs also share the league's much smaller commercial revenues generated by sales of the league sponsorship rights and licensing.
The Athletic predicts that the league will ultimately have to pay £223m in rebates to domestic broadcasters and a further £107m to international broadcasters.