The article in today’s South Wales Echo shows just how important a place in the Premiership could be worth, £90 million, for just one season including parachute spread over four seasons if relegated. It is a mind bobbling amount and compared with the money for staying in the Championship a drip in the ocean.
Has well as the club the Cardiff of City would receive a financial boost with the fans and worldwide coverage, there is nowhere in the world that the Premiership do not reach. Also Welsh football in general will be able to trade off fact that Wales has a Premiership team.
A finance expert taking about the situation from Laurence Hedditch, partner at Deloitte in Wales, said; “In financial terms, the play-off final offers the winning club the most substantial prize in world football.
“The value is even greater as a result of the Premier League’s increased revenues from international broadcast rights and the proposals to extend parachute payments over four seasons.
“It is a prize which provides the opportunity for sound investment and strengthening the foundations of a club for years to come.
“Whilst some commentators talk of an unbridgeable gulf between the Championship and the Premier League for promoted clubs, the statistics do not bear this out.
“Over the past decade, 17 of the 30 newly-promoted clubs have successfully retained their Premier League status in that crucial first season.”
All Premiership clubs are guaranteed a minimum of £40m next season and more can come via other bonuses all the other teams in the play-offs will be looking at what could hold for them next season. With the likes of Manchester United, Chelsea, Arsenal and Liverpool to play the club that goes up can expect full houses.
Has well as the club the Cardiff of City would receive a financial boost with the fans and worldwide coverage, there is nowhere in the world that the Premiership do not reach. Also Welsh football in general will be able to trade off fact that Wales has a Premiership team.
A finance expert taking about the situation from Laurence Hedditch, partner at Deloitte in Wales, said; “In financial terms, the play-off final offers the winning club the most substantial prize in world football.
“The value is even greater as a result of the Premier League’s increased revenues from international broadcast rights and the proposals to extend parachute payments over four seasons.
“It is a prize which provides the opportunity for sound investment and strengthening the foundations of a club for years to come.
“Whilst some commentators talk of an unbridgeable gulf between the Championship and the Premier League for promoted clubs, the statistics do not bear this out.
“Over the past decade, 17 of the 30 newly-promoted clubs have successfully retained their Premier League status in that crucial first season.”
All Premiership clubs are guaranteed a minimum of £40m next season and more can come via other bonuses all the other teams in the play-offs will be looking at what could hold for them next season. With the likes of Manchester United, Chelsea, Arsenal and Liverpool to play the club that goes up can expect full houses.
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