Starting the season of 2016/17, the Premier League will receive £5.1bn in TV rights money from Sky Sports and BT Sport.
This is massive for the Premier League, as all of its clubs will become an incredible amount richer. For example, Burnley, economically, are now bigger than Ajax.
From 2016, the money at the disposal of Premier League clubs will mean they have more to spend on players and the Premier League should become dominant - this is not certain though, as the stature of clubs such as Real Madrid and Bayern Munich is unlikely.
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Sky will pay almost £11M per game on average from 2016/17. Whilst a staggering figure, the fact of the matter is, it's worth it for Sky. The money gained from displaying the most widely watched football league in the world must not be underestimated.
In addition to this, Sky would have faced major competition from BT themselves, beIN Sports, Eurosport and similar companies - if Sky didn't pay the money, someone else certainly would have. Therefore, despite paying 83% more for their rights compared to the previous 3 years, Sky had almost no choice.
Clubs are already spending much more money on players in the Premier League - clubs such as Hull City paying £10M for a single player would not have been projected ten years ago. But this increase in club finances will rocket further due to this TV deal.
All 20 2014-15 Premier League clubs were inside the Top 40 richest clubs in the world, and it is likely all 20 will break into the top 30 after this deal - clubs such as AFC Bournemouth could be richer than AC Milan.
Whilst startling, and morally not quite right, it is likely the deal will be positive for fans of the Premier League, as ticket prices should go down, more steadily than they should, but they are expected to decline nonetheless.
As inflation of money from football continues to rise, talks of games being played in the USA continue. This would damage the league in terms of loyal fans of Premier League clubs as well as impracticalities with players travelling such a long way to play. Hopefully this doesn't take place as it would be bad for the league, but it would appear that the people at the top only care about the money.