• Skip to main content
  • Skip to primary sidebar

Manchester Football

A website about football in Manchester

You are here: Home / Manchester United / Manchester United shares leap after new record television deal is announced

Manchester United shares leap after new record television deal is announced

February 11, 2015 by Tony Bugby

Shares in Manchester United leapt 5% as investors welcomed the sale of Premier League television rights for a record £5.136bn, a rise of 71% on the last deal.

Amid widespread surprise at the size of the deal, even among football industry experts, Premier League chief executive Richard Scudamore pledged money raised from the auction for rights to screen matches for three years from 2016 would be invested by clubs making improvements to stadiums as well as youth development and good causes.

Mr Scudamore also said the Premier League planned to invest £56m in grassroots projects, including 50 artificial pitches and called on clubs to address ticket prices to ensure stadiums were full.

Sky paid £4.2bn for five of the seven TV packages and BT paid £960m for the other two in the rights auction for the three years from 2016.

Sky’s outlay was 83% more than it was for the last contract three years ago while BT’s commitment was 18% more, although the number of live matches it screens will go up from 38 to 42 a year.

Mr Scudamore admitted he was surprised at the value of the deal saying: “Obviously we were very pleased with it (the deal).”

“The clubs have a product that they want to sell. It’s a good deal for everybody and all the other clubs in English football and all the other organisations and charities which depend on the Premier League revenues.

“They are paying for unscripted drama. There isn’t any other content you can buy that has that appeal.”

BT will pay £320m per season, against £246m per season it is currently paying. The communications giant said that equated to £7.6m per game.

Sky said it will pay £1.392bn per year, or £11.07m per match, to broadcast 126 live matches, 10 more than currently and the maximum Sky was allowed to bid for under the auction rules.

It means Sky will pay £4.1bn of the total £5.136bn deal. The Premier League television rights auction had been expected to raise as much as £4.4bn.

Sky admitted the amount it paid for the television rights was about £330m more than analysts had forecast.

Filed Under: Manchester United Tagged With: BT, Sky Television, Television right

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

Primary Sidebar

Categories

  • Altrincham
  • Ashton United
  • Curzon Ashton
  • Europe
  • FA Cup
  • Hyde United
  • International
  • League Cup
  • Manchester City
  • Manchester City Women
  • Manchester United
  • Manchester United Women
  • Match Report
  • Melbourne City FC
  • Mossley
  • New York City FC
  • Non League
  • North West
  • Oldham Athletic
  • Premier League
  • Salford City
  • Stockport County
  • Stretford Paddock
  • UEFA Champions League
  • Uncategorized

Manchester Football

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

RSS Manchesterfootball Youtube

  • Pep's Man City snubbed by Julia Roberts who went to see Man Utd instead
    manchesterfootball
  • Man City vs RB Leipzig Lightshow and booing of Champions League anthem Tuesday March 14 2023 4K
    manchesterfootball
  • When Julia Roberts came to Manchester she went to see United! - Pep on Erling Haaland's 5 goals
    manchesterfootball

RSS BBC Football News

  • Man Utd takeover latest: Sheikh Jassim also submits second bid after Sir Jim Ratcliffe March 25, 2023
    Qatari banker Sheikh Jassim joins Ineos owner Sir Jim Ratcliffe in submitting a second bid to buy Manchester United.
  • Everton: Premier League refers club to independent commission over alleged breach of financial rules March 24, 2023
    Everton have been referred to an independent commission by the Premier League over an alleged breach of its profitability and sustainability rules.
  • Mykhailo Mudryk: Chelsea must be patient with Ukraine striker, says Andriy Shevchenko March 24, 2023
    Chelsea must be patient with winger Mykhailo Mudryk and see how he performs over the long term, says former Blues striker Andriy Shevchenko.
  • Police speak to Premier League player about a further alleged sexual offence March 24, 2023
    A Premier League footballer facing two rape allegations has been interviewed by police about a further alleged sexual offence involving a third woman.

Search Manchester Football

Copyright © 2023 · Metro Pro on Genesis Framework · WordPress · Log in