OCT 00] COVENTRY CITY NEWS
Fails In Extra Cash Bid
City chairman Bryan Richardson has failed in an attempt to win
more cash for small Premier League clubs.
suggestion of a new formula for redistributing the income among
the clubs was rejected at a stormy meeting of the 20 chairmen in
London last night.
are fears that the bigger clubs, led by Manchester United,
Liverpool and Arsenal, could break away and form a part of a
proposal would have seen £200m distributed among the clubs
under a formula, with the rest, currently £1.1 billion, being
spread around equally.
argued that the smaller clubs needed this to be able to remain
Champions League cash is taken into account, Richardson said the
gulf between the big and small clubs is getting wider, and could
accelerate once more TV money comes into the game next season.
said following the meeting that a switch of support from a
couple of clubs caused his motion to be defeated.
Premier League rules say that such decisions have to be agreed
by a two-thirds majority.