That £5bn relates to domestic money only, there's another £3bn to go on top from overseas tv rights, making the total an eye watering £8 billion.. there's an updated club by club income guide here http://www.theguardian.com/football/2015/apr/29/premier-league-finances-club-by-club, but it's still a couple of years behind, and i'm not wholly convinced by the figures.
The team that finishes bottom of the premier league next year, is guaranteed £99 million. Hence Mike Ashley suddenly panicking and throwing lots of money at Newcastle in an effort to keep them up. Compare that to the FA Cup, which will get you approx £2 million, if you win it, which sheds a bit of light on the real reason the FA Cup has lost some of it's magic.
The team that finishes bottom of the premier league next year, is guaranteed £99 million. Hence Mike Ashley suddenly panicking and throwing lots of money at Newcastle in an effort to keep them up. Compare that to the FA Cup, which will get you approx £2 million, if you win it, which sheds a bit of light on the real reason the FA Cup has lost some of it's magic.