At a meeting of the other 14 clubs reportedly held at the Pullman Hotel in London on Wednesday, Premier League chairman Richard Scudamore presented a plan that would see 35 percent of the income from the next worldwide TV deal distributed according to final league position.
Newcastle United and 13 other top tier clubs met in London on Wednesday as a handful of clubs made a grab for a bigger share of the Premier League TV money. Income from global TV rights 25 years ago were negligible, so the clubs agreed to share that money equally, while only a third of British TV income is divided equally, the other two-thirds shared according to where clubs finish in the league and how many times they are shown on television.
Under these new proposals presented by Scudamore, 35% of the overseas TV cash would be decided upon league position as from the 2019/20 season.
Sources have told ESPN FC that another meeting involving all Premier League clubs will be held next Wednesday.
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The current 3 year deal sees all Premier League clubs receiving £39m per year from the overseas deals, whereas a large proportion of the cash from the United Kingdom domestic deals depends on both league position and how often you are shown live. Current Ballon d'Or holder Ronaldo wants a fresh deal worth €25m a year - similar to that of Messi or Paris Saint-Germain forward Neymar - though the La Liga and Champions League holders have rejected such demands, according to Marca.
They are also understood to feel that the domestic TV market, now worth £5.1bn, may have reached saturation point.
Under pressure from the six richest clubs, the chairman has proposed ending the equal sharing of global broadcasting income.
Swansea are understood to be among 11 teams to have opposed the move in talks with Premier League executive chairman Richard Scudamore this week.