You are here: Home - Uncategorized -

Top-flight football nets new £625m deal

0
Written by:
18/01/2007

The English football league champions will score an extra £50m in prize money next season after the Premier League agreed a new UK investment deal for overseas television rights.

Such is the money offered that even the club finishing bottom and being relegated will pick up £30m – roughly the same as Chelsea won by being crowned champions last year.

The money is in addition to income already guaranteed from UK investment in domestic broadcast and Internet contracts. “It takes us to another level,” Premier League boss Richard Scudamore told the Daily Telegraph.

Rival broadcasters BSkyB and Setanta – traditionally the home of Irish sports like Gaelic football and hurling – are sharing the rights to Premiership games next season after bidding in a rights “auction”.

The scale of their UK investment in the top English football league is “staggering”, according to one media observer. The auction generated £1.7bn in total for the Premier League, with BSkyB paying £1.3bn for its right to screen 92 live games, while Setanta got 46 matches for £392m.

Setanta has broken Sky’s monopoly on live Premier League broadcasts and has bid for the games as it recognises the increasing popularity of the “product” with a global audience and the vast potential for advertising revenue. It is, in effect, a massive saving and investment for the company.

Related Posts

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Paper-free HSBC sees the good for the trees

High street bank HSBC, a big provider of UK current accounts, has reached a major milestone in its campaign to cut down...

Close