Manchester City are in line for a massive cash injection
Manchester City are in line for a massive cash injection
Manchester City are in line to receive a major boost in regards to Financial Fair Play rules following a $1 billion broadcasting deal between FIFA and DAZN.
According to the Mail, the Premier League champions are set to receive a fee between £50m and £60m after FIFA signed a television deal with DAZN to stream the Club World Cup. Fellow top-flight side Chelsea will also be eligible to receive this bonus due to their participation in the tournament.
City's involvement will give them a major financial boost compared to their Premier League rivals, with Arsenal and Liverpool not involved in the competition. The Reds won the tournament in 2019, but as champions, they were rewarded with £4m in prize money, but that figure looks set to be dwarfed by what City and Chelsea shall get this time out.
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City won the competition for the first time last year after they beat Brazilian side Fluminense in the final. They will take part again as they are the current league champions, and the Stamford Bridge side will play as they are the last English club to win the Champions League (excluding City).
The cash injection will be a major boost with other sides in the Premier League struggling to comply with FFP rules, leading to big players being sold and ticket prices going up.
The £50m reported earnings that City are looking to pocket could increase further with potential sponsorship deals coming into place. The broadcasting deal means the tournament, which will be held in America this year, will be free-to-air, playing a major part in potential viewing figures, with the competition said to have lost billions since it began.
Premier League clubs have already played a number of pre-season fixtures in the USA to increase global recognition and add an extra revenue stream. However, the report claims clubs involved in those pre-season fixtures will earn as little as ten percent of the fee City and Chelsea could earn this summer.
The report claims that European clubs will be given a larger share from the kitty amid an ongoing dispute over the number of games professional players are being forced to play. It claims the higher percentage paid to European clubs will entice those clubs into starting their big players in the competition.