The Premier League is an English professional league for football clubs. At the top of the English football league system, it is the country's most elite football competition.
There are 20 clubs in the Premier League. During the course of a season, (from August to May), each club plays the others twice, once at their home stadium and once at that of their opponents, for a total of 38 games. Teams receive three points for a win and one point for a draw and No points are awarded for a team on the losing side. Teams are ranked by total points, then goal difference, and then goals scored. In conclusion to the end of each season, the club with the most points is crowned champion. If points are equal, the goal difference and then goals scored determine the winner. If still equal, teams are deemed to occupy the same position. If there is a tie for the championship, for relegation, or for qualification to other competitions, a play-off match at a neutral venue decides rank although this is highly rare. The three lowest placed teams are relegated into Englands second tier of the professional game, Football League Championship and the top two teams from the Championship, together with the winner of play-offs involving the third to sixth placed Championship clubs, are promoted in their place.
Prior to the formation of the Premier League, The English First Division lagged behind other large European leagues in overall popularity and its ability to attract leading players to play for its club sides. Undeniably, it was known that many leading English players used the First Division as a stepping stone to earn themselves more lucrative contracts in Germany, Italy and Spain. The competition formed as the FA Premier League on 20 February 1992 and the first games were played on 15th August that year, following the decision of clubs in the Football League First Division to break away from The Football League to take advantage of a lucrative television rights deal from BSKYB. The Football League had served as England and Wales' primary football competition since 1888. Since then, the Premier League has become the world's most watched sporting league and the most lucrative football league, with cumulative club revenues over £1billion pounds.
Television and media has played a key role in the history of the Premier League. The money from television rights has been vital in helping to create excellence both on and off the field for every club that has been involved with the Premier League. The League's decision to assign broadcasting rights to BskyB (Sky) in 1992 was at the time a radical decision as pay to view television was an almost untested proposition in the UK market, as was charging fans to watch live televised football. However, a combination of Sky's strategy, the quality of Premier League football and the public's general appetite and craving for the game has seen popularity enhanced, the value of the Premier League's TV rights soar as well as the lucrativeness of the Premier League. Throughout this essay will see how the Premier League has developed since its founding in 1992 and what problems may have occurred.
The Premier League sells its television rights on a collective basis. The money received from these deals is divided into three parts, 50% of the income is divided equally between each club competing in the premier league, 25% is awarded on a merit basis based on final league position (the top club getting twenty times as much as the bottom club), the final 25% is paid out as facilities fees for games that are shown on television, with the top clubs generally receiving the largest shares of this due to the top clubs receiving more coverage time than the so called smaller clubs. The income from overseas rights is divided equally between the twenty clubs competing.
The first broadcasting deal in 1992 was