Hull City wins $246 million Premier League lottery

Hull City is back in the big time after winning a place in next season’s Premier League – and picked up a cool $246 million to go with it.

Hull, which was relegated from the top-flight last season, overcame Sheffield Wednesday 1-0 at Wembley Saturday.

Mo Diame’s 72nd minute strike sealed victory for Hull, which had finished the regular season in fourth place – nine points ahead of its opponents.

The win propels Hull towards the riches of the Premier League with the new $8 billion domestic television deal, which kicks in next season for the next three years, securing a massive increase on the $4.59 billion paid for the equivalent set of rights from 2013-16.

According to sports business firm Deloitte, the club’s revenue is estimated to increase from $246 million to at least $420 million should Hull survive next season in the Premier League.

Hull, which reached the FA Cup final in 2014, dominated the contest and was a worthy winner.

Steve Bruce, the team’s manager, paid tribute to his players and Diame’s fabulous strike.

“That little bit of quality, to decide a big game, Diame has produced a bit of magic and it’s won us the match,” he told Sky Sports.

“We seemed to have so many good chances. Thankfully Diame has come up with a wonder striker and I’m delighted for him.

“I thought we had the better chances - my big players today performed excellently.”