Chelsea, Arsenal, and Tottenham Hotspur are among the Premier League clubs who will pay a huge rebate to TV companies.
This is a result of the coronavirus pandemic which continues to affect clubs across Europe.
As well as the aforementioned London trio, Liverpool, both Manchester clubs and Wolves all represented England in the Champions League and Europa League during the 2019-20 campaign.
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And along with the rest of Europe’s elite, they are facing a cash blow.
European Club Association chairman Andrea Agnelli confirmed on Tuesday that the continent’s biggest sides and UEFA have agreed to pay back a total of £519million to its broadcast partners.
“We are looking at top revenue decrease of approximately €4billion in the next two years and according to FIFA, 90 per cent of those top-line losses will be borne by clubs.
“We have seen very important rebates to the principal broadcasters both at domestic level and at international level.
“We have seen a £330million rebate in the Premier League, we have seen a downturn in the Bundesliga domestic rights of about €200million, we are in the process of finalising the account with UEFA with a reduction of around €575million (£519m) for the international club competitions, and that is all money that is normally distributed.
“There will be a 20-30 percent drop in operations.
“We will have to be very careful about how we manage this transition, as there is a collapse in revenues and economies.
Premier League football will once again be split across three broadcasters: Sky Sports, BT Sport and Amazon Prime.
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