That £5bn relates to domestic money only, there's another £3bn to go on top from overseas tv rights, making the total an eye watering £8 billion.. there's an updated club by club income guide here http://www.theguardian.com/football/2015/apr/29/premier-league-finances-club-by-club, but it's still a couple of years behind, and i'm not wholly convinced by the figures.
The team that finishes bottom of the premier league next year, is guaranteed £99 million. Hence Mike Ashley suddenly panicking and throwing lots of money at Newcastle in an effort to keep them up. Compare that to the FA Cup, which will get you approx £2 million, if you win it, which sheds a bit of light on the real reason the FA Cup has lost some of it's magic.
The team that finishes bottom of the premier league next year, is guaranteed £99 million. Hence Mike Ashley suddenly panicking and throwing lots of money at Newcastle in an effort to keep them up. Compare that to the FA Cup, which will get you approx £2 million, if you win it, which sheds a bit of light on the real reason the FA Cup has lost some of it's magic.
. When I think of football takeovers, the likes of Blackburn, Hull, Cardiff, Villa and the first lot of Yanks at LFC spring to mind, as well as out own turmoil under Peter Johnson, worrying times. I will believe it when I see it though, because there have been so many supposed "deals" before that have never got off the ground.