Football Finance News | Football Leagues/ Association and Governance
The English Premier League has received a Queen's Award for its overseas success.
Over the last three years, the division has brought in around £750 million from the sales of TV rights for its matches to foreign broadcasters, earning £250 million in 2009 alone.
Chief executive Richard Scudamore described the English game as "a fantastic low-cost export", adding: "Britain was once known the world over for textiles and coal production. It is now our music, film and sports industries that drive our international reputation."
A total of 95 organisations were given special recognition for their achievements in the field of international trade and the English Premier League is hoping to further increase its revenue to £460 million annually with a new three-year tie-up, according to the Telegraph.
However, Scudamore and the league have faced increasing criticism for what is perceived as a laissez-faire approach to clubs' finances, with the total debt of English top-flight clubs now estimated to stand at approximately £2 billion.
Written by Terry Mitchell
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21 October 2010
21 October 2010
21 October 2010
20 October 2010
20 October 2010
