Premier League riches sow fear among Champions League rivals

Premier League riches sow fear among Champions League rivals

Defending champions Chelsea are one of four English clubs already qualified for the Champions League last 16
Defending champions Chelsea are one of four English clubs already qualified for the Champions League last 16

LIVERPOOL - As Barcelona and Spanish champions Atletico Madrid scrap for a place in the Champions League last 16 this week, the Premier League's four participants can take it easy knowing their places in the knockout stages are already guaranteed.

Liverpool, Manchester City and Manchester United have all secured top spot in their groups with a game to spare, while defending champions Chelsea will join them with victory over Zenit Saint Petersburg.

The success of English clubs this season continues a worrying trend for the rest of Europe.

Two of the past three Champions League finals have been all-English affairs, contested by four different clubs.

If results on the field were not galling enough for the rest of Europe, the Premier League's ability to attract record-breaking television rights deals from around the globe has fuelled fears the gap between the top English clubs and the rest will only grow in coming years.

The English top-flight has long enjoyed its position as the wealthiest league in the world on the back of bumper TV deals for the domestic market.

But even as the value of those rights has stalled over the past two tenders, the international market has ensured there is still steady growth.

Last month, the Premier League secured a reported $2.7 billion (pound sterling2 billion) renewal with US broadcaster NBC for a six-year rights deal.

That followed another pound sterling2 billion overseas six-year deal for the Nordic countries, starting in 2022.

By comparison, Spain's La Liga celebrated a $1.4 billion deal in May with ESPN for US rights that runs for the next eight years.

The relative size of those deals means the impact of the coronavirus pandemic has been felt very differently across the continent.

- Transfer cash -

In the most recent transfer window, Premier League clubs' net spend of pound sterling560 million was more than 10 times that of La Liga (pound sterling55 million), Serie A (pound sterling50 million) and Ligue 1 (pound sterling15 million), while Bundesliga clubs made a net profit of an estimated pound sterling35 million thanks to Jadon Sancho's pound sterling73 million move from Borussia Dortmund to Manchester United.

Sancho followed Kai Havertz and Timo Werner in swapping Germany for England with another Dortmund pair, Jude Bellingham and Erling Haaland, tipped to make the same move next year.

Bayer Leverkusen CEO Fernando Carro told AFP the Bundesliga risked becoming merely a development league for the Premier League if the current trend continued.

"We tried to buy a player in the summer and in the end a promoted side from the Premier League was able to pay more money and a higher salary than us, a top-four side in Germany," said Carro.

"The Premier League has so much more money and resources than any other country. This is not good for us."

Spanish clubs have suffered from the talent drain. Between 2013 and 2020 La Liga boasted the best UEFA coefficient for performance in European competition.

This week financially stricken Barca, Atletico, Sevilla and Villarreal are all in serious peril of bowing out at the group stage of the Champions League. Exits would deal another heavy economic blow to a league that has already mortgaged a share of future TV rights to private equity firm CVC for a cash injection.

Leverkusen's Carro warned differences were becoming stark.

"We could double or triple our TV income and we still wouldn't close the gap," he warned.

The failed European Super League project was designed to bring the superpowers of Spanish and Italian football back on a level playing field.

That plan was foiled when the six English clubs involved quickly withdrew after a furious backlash from fans earlier this year.

But Real Madrid, Barcelona and Juventus have refused to give up the fight as they seek fresh income streams that their domestic competitions do not provide.

Others may soon come back to the table should the Premier League clubs continue to pull away and establish themselves as unchallengable giants in the European game.

Do you like the content of this article?
COMMENT

PM readying 'NY gifts' to boost spending

Prime Minister Prayut Chan-o-cha on Tuesday confirmed which "New Year gifts", including shopping and tourism stimulus schemes, would be submitted to the cabinet after he returns from an official trip to Europe in Brussels next week.

08:09

Tuhao 'nominee' grilled

Patcharin Ittiwattana, an alleged close aide and Thai nominee of Chinese businessman and suspected crime boss Chaiyanat "Tuhao" Kornchayanant, appeared with her lawyer on Tuesday for another interrogation session conducted as part of an ongoing investigation into a major Chinese criminal syndicate operating in Thailand.

07:02

US judge dismisses suit against Saudi prince in Khashoggi murder

WASHINGTON - A US judge dismissed Tuesday a lawsuit against Saudi Arabia's Crown Prince Mohammed bin Salman for his alleged role in the 2018 murder of dissident journalist Jamal Khashoggi.

06:45