Story highlights
- Hull City promoted to the Premier League
- Mo Diame's strike secures instant return to top-flight for City
- Sheffield Wednesday last played in Premier League 16 years ago
- Over 70,000 fans at Wembley Stadium
(CNN)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."
Leicester City celebrates Premier League title win 01:54
