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Premier League
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Premier League

How 22 English football clubs broke away to seize control of broadcast rights and built the most valuable sports league in the world.

In nineteen ninety-two, twenty-two English football clubs broke away from the Football League to form the Premier League. The first television deal was worth one hundred and ninety-one million pounds. The clubs didn't just want more money — they wanted control of the broadcast rights. The old league distributed revenue poorly. The breakaway was a business restructuring disguised as sport. By twenty twenty-five, the domestic television deal alone reached six point seven billion pounds. Revenue splits follow a formula: fifty percent divided equally, twenty-five percent based on where you finish, twenty-five percent based on how often you're televised. Every club gets enough to compete. No team gets so much they can't be caught.

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