A recent report indicated a promotion in the Premier League can mean an additional $200,000,000 in revenue to football teams. Watford FC and Norwich FC were recently promoted to the Premier League, in a series of wins that their clubs are counting on to produce increased revenues and raised profiles.
Not only is football the most popular sport in the world, known as “The Beautiful Game” it is also the most lucrative. English teams such as Arsenal, Manchester United, Chelsea and Manchester City as well as global squads such as Real Madrid and Barcelona FC, are worth billions of dollars and responsible for tens of thousands of jobs.
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How much is Premier League
promotion worth?
With a new broadcast deal coming into place in 2016/17, if Norwich can stay up they could earn at least £180m. Because Norwich are entitled to parachute payments from their relegation from the Premier League in 2013/14, their totals are actually lower than what Middlesbrough would have stood to earn. Promotion for Boro would have been worth £130m and £230m if they'd stayed up next season.
Championship winners Bournemouth and runners-up Watford can also expect a revenue increase of at least £130m. This is a combination of the extra income they will earn from playing in the Premier League in 2015/16 and parachute payments should they be relegated after one season...
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