The Arsenal players in a group before the Premier League match between Chelsea and Arsenal at Stamford Bridge on May 12, 2021 in London, England.
David Price | Arsenal FC | Getty Images
The Premier League has received general approval for a three-year extension of its TV rights agreement with UK broadcast partners, including Sky Sports.
The agreement, which aims to extend the current rights arrangements for a further three years, must be approved by Parliament and any objection to the proposed plans must be filed by May 28th.
The Premier League clubs have also agreed an additional £ 100 million (US $ 140.6 million) funding for the National League, Women’s Football, League One and League Two clubs, and the grassroots game.
Economic Secretary Kwasi Kwarteng is “determined” to approve the new deal.
In a statement, the Premier League said: “The UK’s renewals for the next cycle – from 2022/2023 to 2024/2025 seasons – will be completed at the same aggregate value as the current agreements between the Premier League and its broadcast partners.
“As part of the Premier League’s evolving strategic plan, the renewals will provide financial security to clubs throughout professional football as the current level of support is maintained and allow the league to commit to increasing funding. This will bring security and continuity in guarantee the entire pyramid until at least 2025. “
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Richard Masters, Executive Director of the Premier League, said: “The Premier League would like to thank our broadcast partners for their continued commitment to the Premier League and support for the football pyramid.
“We are very grateful that the government has agreed in principle to allow this agreement and that it continues to support the Premier League and the English game. COVID-19 has had a significant impact on football and renewals will be with our UK broadcast partners reduce uncertainty. ” , Create stability and promote trust in the football pyramid. “
The FA welcomed the deal and its Chairman of the Board, Mark Bullingham, said: “This increase in funding from the Premier League will be instrumental in helping local football clubs and institutions across the country.
“These clubs are often the bedrock of their community and are run by volunteers who have done everything over the last year. We thank the Premier League for their positive action in helping the pyramid get back on its feet.”