But as I perceive it, there never was a 2003 a deal, nor a 2007 deal. The Spanish Clubs negotiate their TV rights individually, and Barca and Madrid were the only clubs capable of demanding more and more from TV broadcasters. The rest could not follow suit (this is the inherent logic of capitalism after all) and to a certain extent have only themselves to blame. Valencia, Atletico and Sevilla have been fantastically mismanaged. I don't know what went so wrong with Deportivo.
I would say that things should be kept as they are for the time being (until 2014, not a terribly long time from now) for the benefit of Barca of course. But as they league is getting increasingly ridiculous, by 2015, almost the entirety of the extra revenue, should go to the rest of the clubs.
You got it pretty much right. The main difference, however, is that in 1996 (when the first deals were made), clubs had several operators they could deal with. Now, for some reason I'm not fully aware of, all deals are made with one giant operator, who will obviously give more money to the biggest clubs.
And while it's true that those clubs were poorly managed, Barca and Madrid weren't exactly well-managed either. Catastrophic signings like Ibra for 70 million or Kaka for about the same price, among many others (Cacares, Chygrinsky, the endless list of Madrid flops) aren't exactly great management. We don't feel the repercussions because we are earning 150 million every year. If Valencia were earning that, they could get away with some bad management as well.
2014 is the year for the new deal, until then nothing will change. I'm afraid that, if Sevilla can't have their proposed deal passed, it will La Liga's death warrant (as a competitive competition). We'll just have Barca and Madrid being the Spanish Rangers and Celtic and dominating unchallenged every year. When they have a bad season, someone can come within 15 points of one of them, I guess. 150-50 is way too big a difference, there's no way anyone would be able to compete with the big two.
This is a fairer deal, but still doesn't make the Premier League much more competitive, it's the same faces at the top every year.
The German financial model would be ideal, but I'm afraid impossible given the greed of Spain's bit 2.
It's true that their total revenue is vastly inferior, but the distribution is a lot fairer, and the clubs are much more responsible. Less than 50% of revenue is used on player wages. Tickets are the cheapest in Europe, and therefore attendances are the highest.
The downside? It's hard to have super teams dominating Europe like Barca are now.
The upside? The Bundesliga is a lot more interesting than the other top leagues in Europe. You get different faces at the top spots every year, everyone can genuinely beat everyone and there's some great football on display. Bayern have a super team this season, but they're struggling in their league a lot more than inferior sides like City or United. There are no cannon fodder sides in the league, all have quality.
Besides, the clubs are forced to invest in their youth set-ups, which has ultimately been hugely beneficial to the German NT. Due to the balanced revenue sharing, they can also get hold of those players for at least a few years (in a system like La Liga's or the PL's, a player of Marco Reus's quality would already be playing for Bayern).
The fact that every team in the country has quality is also helping them in the UEFA rankings. They're surpassed the Serie A, are only a few points away from surpassing La Liga and will surely very soon and should only be a matter of time before they overcome the Premier League as well. If Financial Fair Play comes into play, there's no doubt that the Bundesliga will dominate Europe, since the league and all its clubs are pretty much debt-free.
Bayern are the only European giant who operate at a profit every year.