The sale of the Premier League's broadcast rights for £1 billion a year from 2013 to BT and Sky means a 70% rise in television revenue for top-flight clubs. Meanwhile, last season's was the first featuring increased parachute payments for clubs demoted to the Championship, worth £16 million a year for the first two campaigns and £48 million in total.
The impact was immediate. Whereas previous refugees from the Premier League have made a swift descent into the division's lower reaches, West Ham, Birmingham and Blackpool all reached the play-offs. But for the financial problems caused by Carson Yeung's disastrous ownership and the complications of their cup runs, Blues would probably have secured automatic promotion. West Ham, with the division's largest wage bill, went up at Wembley.
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