Before the formation of the Premiership in England (1992), and the growth of the Champions' League throughout Europe, the top level of the game in England was in many ways an amateur organization. Clubs in all divisions were constantly in debt, and survived only by selling talented players they had developed. Income came only from ticket receipts, limiting what a club could earn. Big television contracts came later: the Football League signed a two-year contract for 6.3 million pounds in 1986, but four-year deal for 44 million in 1988. The most recent deal amounts to 2.7 billion pounds over three years (yes, with a "b").