Israeli strike in Doha escalates regional tensions, threatens Gaza ceasefire talks    Egypt strengthens inter-ministerial cooperation to upgrade healthcare sector    Egypt's urban inflation slows to 12% in August, down from 13.9% in July    Egypt's Al-Sisi meets Tunisian PM ahead of joint higher committee session    China's Sailun breaks ground on $1bn tyre factory in Egypt's SCZONE    Israeli airstrikes target Hamas leaders in Doha; Qatar vows response    Egypt's FM meets Iranian counterpart in Cairo for nuclear, regional talks    Egypt ramps up enforcement of new labour law to formalise workforce    Egypt, Iran foreign ministers meet in Cairo to discuss ties, nuclear file    Egyptian government charts new policies to advance human development    Egypt, Spain discuss expanding health cooperation, support for Gaza    Egypt advances plans to upgrade historic Cairo with Azbakeya, Ataba projects    Egyptian pound ends week lower against US dollar – CBE    Egypt expresses condolences to Sudan after deadly Darfur landslides    Egypt hosts G20 meeting for 1st time outside member states    Lebanese Prime Minister visits Egypt's Grand Egyptian Museum    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Foreign, housing ministers discuss Egypt's role in African development push    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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Reading and Huddersfield do battle for Premier League riches
Published in Ahram Online on 28 - 05 - 2017

Huddersfield Town and Reading will be playing for a minimum of 170 million pounds ($217.5 million) when they compete for a place in English soccer's Premier League at Wembley on Monday in a match regularly described as the richest in the global game.
Lucrative television contracts domestically and throughout the world mean that whichever team wins the Championship playoff for the third promotion place can finish bottom of the league next season and still be guaranteed at least 95 million pounds, plus 75 million pounds in so-called parachute payments.
"(Parachute) payments are made over four years, allowing clubs to gear down and where necessary reduce their costs over a medium-term period," the Premier League's website (www.premierleague.com) says.
Staying up for even one season is worth a further 100 million pounds, without taking into consideration increased sponsorship and gate receipts.
Huddersfield, English champions for three years in succession from 1924-26, have not played in the top tier since 1972.
Having finished in the bottom six last season, they became surprise promotion contenders under German-American manager David Wagner, who joined from Borussia Dortmund in 2015.
Reading, who finished third in the Championship this season under former Dutch international Jaap Stam, reached the Premier League for the first time in their history in 2006, lasting two seasons. The club were promoted again in 2012 but managed only a single season in the top flight.
Newcastle United and Brighton & Hove Albion have already gained automatic promotion from the Championship, finishing first and second respectively.
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