England's 'Big Six' enjoy much larger non-broadcast revenue than the rest - an advantage 'anchoring' would have limited

Average broadcast and non-broadcast revenues, 'Big Six' v other Premier League clubs

Line charts of average broadcast and non-broadcast income for Premier League clubs over the last decade, split between ''Big Six' clubs are the rest, where the non-broadcast revenues of the former far outstrip the other 14 clubs, while the gap in broadcast revenues is much smaller.

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Note: Bold lines represent the average non-broadcast revenues of either the 'Big Six' clubs or the other 14 Premier League clubs in given season. Dashed lines represent average broadcast revenues of those two groups.

'Big Six' clubs: Arsenal, Chelsea, Liverpool, Manchester City, Manchester United and Tottenham Hotspur

Source: club financial statements