Report: Premier League clubs told to pay back $1.2B if season ends

Liverpool

Liverpool's Sadio Mane, second right, celebrates after scoring the opening goal during the Premier League match between Liverpool and Wolverhampton Wanderers at Anfield Stadium, Liverpool, England, Sunday Dec. 29, 2019. (Jon Super/AP)

Premier League clubs have been told that they have to pay back £762 million ($1.2 billion CAD) in broadcasting revenue if the 2019-20 season doesn’t finish, per The Athletic.

This news was addressed to all 20 teams during a meeting at the league’s headquarters on Thursday morning.

The league’s suspension is said to be costing huge sums to Sky, one of the two main English broadcasters, as they are not charging as many customers and can’t attract the necessary advertising.

The Premier League will be postponed until at least April 30, but have agreed to finish the current season after the European Championships – initially scheduled for this summer – were moved to 2021.

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