Finance guru reveals 'truth' behind £30m-a-year Celtic-Rangers news - 'nobody knows this'
The “truth” is that Rangers and Celtic are not in desperate need of domestic TV cash – but the rest of the SPFL could suffer from the current Sky Sports saga.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the SPFL’s now-on-ice deal with the broadcast company.
It was widely reported last month that the SPFL were on the verge of closing a new four-year, £30million-a-season TV deal with Sky.
But the SPFL will now hold emergency talks after negotiations collapsed, as relayed by the Daily Mail on Monday (5 September).
The agreement was scrapped because Rangers failed to respond to a resolution about allowing Sky to increase the number of home games from each club they aired from four to five.
The Glasgow clubs will rake in big money from the Champions League this year, with both competing in the group stages for the first time in 15 years.
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But, as Plumley explains, “nobody knows” how much the SPFL might get from another broadcaster and the rest of the league does not have the luxury of European cash to fall back on.
“The truth is I don’t think either of the two clubs desperately needs the cash,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.
“You have to look to the other clubs in the league, who will be really aggrieved by this. That money would really boost their revenues.
“I think for Rangers and Celtic, they don’t desperately need the cash so you can understand the position of trying to squeeze a little bit more from the deal.
“That’s why they are blocking it from going through. Nobody knows how much more they might get, which is if they get more at all.
“But it’s the other clubs that are getting left behind here more than Rangers and Celtic at present.”