The race for promotion is hotting up at the top of the Championship with the top five clubs separated by just six points.

Those who make it to the Premier League will boast a healthy looking bank account to say the least next year.

Get West London take a look at the financial riches on offer and how the newly promoted clubs may well be able to challenge the BPL big boys.

With Brentford eight points off the play-offs and QPR four points behind them, fans of both clubs will be hoping they can put a run of results together between now and the end of the season; especially after reading these figures.

The numbers

A TV camera films the action at St James' Park, home of Newcastle United
Lights, camera, action: Premier League is most watched division in the world

You don’t need to use a calculator for too long to work out there’s a jackpot up for grabs for Championship sides if they go up.

Last February, BT Sport and Sky Sports agreed a record £5.1 billion venture to show live games between 2016 and 2019, which amounts to a 70 per cent increase in revenues from UK broadcasting rights.

The domestic rights deal alone is worth £81m a season to each of English football’s top 20 clubs.

And the lucrative sale of overseas TV rights to foreign broadcasters and sponsorship is set to push that figure over the £100m mark.

In total, over 95 per cent of domestic TV revenues will go directly to clubs.

Sky paid £4.2bn for five of the seven TV packages while rival BT paid £960m for the other two in the record TV rights auction.

Premier League clubs currently spend around 70 per cent of their overall income on wages.

At that level, it would mean £3.42bn of the money the 20 clubs are set to receive over the three years going to players and their agents.

Nearly all of the major 2016-19 overseas deals are done.

They include a $1bn, six-year package in the USA with NBC.

Parachute payments for clubs relegated to the Championship are also likely to increase from 2016.

They currently stand at £62m per club over four years.

The broader picture

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Premier League fever is spreading like wildfire the world over.

The new TV deals will confirm that England has the most powerful football league on the planet, with recent research suggesting all 20 Premier League clubs will immediately be in the world’s top 30 richest clubs.

Crystal Palace co-owner Steve Parish has already spoken of his amazement that the Eagles might have more TV revenue than Barcelona and a higher wage bill than Atletico Madrid, describing the situation as “insane”.

As well as the $1bn six-year package in the USA with NBC, rights values in Hong Kong and Scandinavia have doubled.

There has also been a giant upsurge in France and lucrative deals across the Middle East and North Africa.

And reports suggest that a deal is set to be completed in India - considered the last major market - over the the coming weeks.

The existing deal worth just under £100m for 2013-16 is expected to get a significant hike.

All together, foreign TV deals combined were worth £2.23bn for 2013-16.

And the estimates point to that figure shooting up by nearly 50 per cent to around £3.2bn for 2016-19.

That means a hike from £7.6m a year in 1992-93 to £1.08bn a year from 2016-17.


What it means in terms of transfer business

Staying put: Money can't buy you Stones

The TV deal is creating more of a level playing field in the Premier League, because it means clubs have the financial luxury of being able to turn down big money bids for their best players.

As well as being able to pay more wages, spending power means less fashionable clubs can also make marquee signings who would once have opted to join Europe’s elite.

In short, promoted clubs would be able to start competing with the big boys if they could stick around in the top flight long enough.

We are already seeing the impact of the new TV deal this season as the Premier League title race has blown wide open, with Leicester having topped the league and Tottenham also in title contention.

It’s a refreshing change which has captured the imagination of club managers as well as fans; Everton's Roberto Martinez is one of the gaffers enjoying it.

The Spaniard is reaping the benefits of being able to keep his talented squad together, after the club rejected a £30m bid from Chelsea for star defender John Stones.

“I’ve been involved (in the Premier League) for the past seven seasons,” former Wigan boss Martinez told The Sunday Times.

“There has been a psychological change because the new television contract has given an opportunity to every club to do something different. Something these clubs have never done in their history.

“They can look at themselves, thinking this is the first time that we have been able to spend a certain amount of money, and suddenly you develop a belief that allows you to be competitive.”

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