Can the Premier League Teach Us About the Future of the UK Economy?

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 21 May 2024

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

The British are down on themselves, yet one thing they do well is repackage popular culture and the Premier League is a great example of this. Last year, its commercial revenues hit £4.4 billion, with TV rights increasing by 30%. Despite high revenues, 80% goes to player wages, highlighting a unique financial model where the 'workers' benefit most. This global phenomenon mirrors the 'Wimbledon model' where hosting top-tier events doesn't require domestic dominance. It underscores the UK's talent for repackaging and exporting culture as they have always done with entertainment. The UK economy could thrive by embracing globalisation, attracting global talent, and focusing on innovation and cultural export.

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