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Mega £564M TV Deal From China To Split The Big Six From Premier League

The Premier League is facing a huge concern as they look to keep all the 20 clubs united in the top flight.

’s vice-chairman Ed Woodward held a meeting with the executives of the big-six clubs from to discuss the future of the Premier League.manchester united

China is all set to become the Premier League’s most lucrative broadcasting territory abroad with a £564m worth three-year deal.

The owners of and Chinese Super League club Jiangsu Suning have signed a bumper deal with the Premier League for the exclusive television rights of the English top tier in China.Premier League

The Suning Holdings Group have signed a mega three-year-contract, that starts from the 2019-20 season for the broadcasting rights of the Premier League in China and Macao.Premier League

The previous best foreign deal was with US television network NBC that paid around $US166.66m per year for the broadcasting rights of the Premier in the United States, but the new China deal will be a major upgrade to that with an approximated revenue of around $US240.33m per year.Premier League

Reports also suggest that the new deal will pay almost ten times what the current deal wit Super Sports Media Group pays.china-football

The Suning Holdings Group started the their sports venture in December 2015 with the capture of CSL club Jiangsu Sainty, and changed the name to Jiangsu Suning – while they purchased the majority share in Inter Milan in June this year.chelsea

The CSL club have made significant transfers since the take-over, having captured the likes of Ramires and Alex Teixeira for a combined £75m.

Woodward was trying to protect United’s interest in China as the MUTV has a tie-up with one of the losing bidders.

He held a meeting with the representatives of , , , and Hotspurs before finally giving a nod to the new deal.

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