Goooaalll!! ESPN Wins U.K. Soccer Rights
Stock quotes in this article:
DIS
ESPN has finally delivered on a longstanding Anglophile desire: the right to broadcast English Premier League soccer games -- or should we say football matches -- in the birthplace of the sport.
The self-styled Worldwide Leader in Sports has struggled, that moniker notwithstanding, to gain much of a viewership at all in the U.K, where it currently has two little-watched channels, one dedicated to U.S. sports and the other to historical sporting fare. But with the deal struck Monday in London with the Premier League, ESPN obtains a guaranteed audience of diehard fanatics, and the advertising cash-flow that's sure to follow. On Monday, ESPN announced that it acquired the U.K. broadcasting rights to 46 matches (out of a total of 138) for the upcoming Premiership season. It paid 90 million pounds for the privilege, according to London's Guardian newspaper, which cited anonymous sources. In a separate deal, ESPN bought rights for 23 games in each of the following three seasons, from 2010-2013. Financial terms were not officially disclosed. ESPN's British entree comes as something of an unexpected boon for the Bristol, Conn.-based network and its parent company, Disney(DIS Quote). Back in February, ESPN lost the bidding for this same package of broadcast rights to the Irish pay-TV sports channel Setanta, which agreed to pay a reported 131 million pounds. But Setanta has since run into serious financial problems -- it filed for bankruptcy protection just on Tuesday -- and it couldn't come up with the payment of 10 million pounds (though it had earlier put down 40 million pounds). The Premier League then held a second auction, which ESPN won Monday.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,441.12 | 1,109.18 | 2,206.91 | 35.96 |
Oil *
73.55
|
|
DOWN
10.88
|
UP
1.25
|
UP
5.86
|
DOWN
0.07
|
10 Yr
3.60%
SPDR Gold
111.59
|
|
-0.10%
|
+0.11%
|
+0.27%
|
-0.19%
|
Data delayed 20 minutes |














