I have a little interest in football, though I did enjoy reading this, and while it is certainly an interesting concept, it does seems a little dire on the effects of such a large loss of revenue.
Firstly, the loss of 80% of TV revenue won't be as damming for the clubs which have just come from the Championship - they might just be able to hold it together, especially as even the remaining sum of TV revenue will still be far in excess of the Championship Money - Newcastle, Brighton and Hove, and Huddersfield Town might be able to do it, especially if they can sell a few players on the cheap in January. Burnley, Bournemouth and Watford haven't come up too long ago, and again they don't quite have the same overheads as the big clubs. Some established are going into adminstration, but that is such.
Secondly, the Clubs might agree to a emergency sell of rights for the remaining games of the season - ITV might get a block or two at a bargin price, and you might even see a new channel form with a load of venture capital. Might Netflix or Amazon decide that livestreaming games via their platforms might gain extra customers, and again, grab a block or two each? Lots of Sky customers will have their checkbook out and would be looking for somewhere to watch Footie- some might realise what an utter waste of money satellite TV is, but that can't be helped. What about foreign customers? If they get their games though Sky, might the Premier League be able to deal directly with them and get at least some of the money Sky got from them.
Thirdly, and finally, would the clubs have some sort of plans in place in the case such a large source of income is lost, which is reliant on the success of one business? Wouldn't you be able to get rid of players with a clause in their contracts for situtions like this, which no agent has ever worried about? Wouldn't you have a policy at Lloyd's in case you lost such a massive chunk of money overnight to at least provide you with half the money you might otherwise get?
So, it is a very nice bit of writing, but it is a bit apocalyptic.
Firstly, the loss of 80% of TV revenue won't be as damming for the clubs which have just come from the Championship - they might just be able to hold it together, especially as even the remaining sum of TV revenue will still be far in excess of the Championship Money - Newcastle, Brighton and Hove, and Huddersfield Town might be able to do it, especially if they can sell a few players on the cheap in January. Burnley, Bournemouth and Watford haven't come up too long ago, and again they don't quite have the same overheads as the big clubs. Some established are going into adminstration, but that is such.
Secondly, the Clubs might agree to a emergency sell of rights for the remaining games of the season - ITV might get a block or two at a bargin price, and you might even see a new channel form with a load of venture capital. Might Netflix or Amazon decide that livestreaming games via their platforms might gain extra customers, and again, grab a block or two each? Lots of Sky customers will have their checkbook out and would be looking for somewhere to watch Footie- some might realise what an utter waste of money satellite TV is, but that can't be helped. What about foreign customers? If they get their games though Sky, might the Premier League be able to deal directly with them and get at least some of the money Sky got from them.
Thirdly, and finally, would the clubs have some sort of plans in place in the case such a large source of income is lost, which is reliant on the success of one business? Wouldn't you be able to get rid of players with a clause in their contracts for situtions like this, which no agent has ever worried about? Wouldn't you have a policy at Lloyd's in case you lost such a massive chunk of money overnight to at least provide you with half the money you might otherwise get?
So, it is a very nice bit of writing, but it is a bit apocalyptic.