Could Archie Norman be Tesco’s new chairman? These are the runners and riders for the supermarket’s top job February 14, 2015 Archie norman is the latest City boss to be touted as Tesco’s new top boss and a successor to Sir Richard Broadbent who left last year in the wake of a profit scandal. The current chairman of ITV and former boss of rival supermarket Asda where he gained the tag of being the turnaround king, [...]
Red Devils hit by Champions League absence February 12, 2015 MANCHESTER United has found itself deeper in the red as its failure to qualify for the Champions League has seen debts spiral and revenues plunge. The UK’s biggest football club came seventh last season as David Moyes took over the role of manager from Sir Alex Ferguson who had managed the team since 1986, delivering [...]
Briton drops to fourth in Qatar February 12, 2015 BRITAIN’S Ian Stannard slipped to fourth place overall at the Tour of Qatar after Norway’s Alexander Kristoff seized third spot by claiming victory during the fifth stage in Madinat Al Shamal yesterday. Team Sky’s Luke Rowe also dropped a place to seventh overall as Slovakia’s Peter Sagan usurped him courtesy of the six bonus seconds [...]
Premier League TV deal: An economics professor on why lowering ticket prices and redistributing the wealth could backfire February 12, 2015 With £5.14bn heading the Premier League’s way thanks to Sky and BT’s record domestic TV rights deal, public pressure is being placed on the organisation to share the wealth and relinquish the financial burden on match-going fans. The Football Supporters’ Federation has called upon the league to implement a £20 limit on away [...]
Shares in Sky drop after huge TV bill emerges February 11, 2015 SKY SAW its stock open four per cent down in trading yesterday after agreeing to fork out £4.1bn for the right to show live Premier League football between 2016 and 2019. The British media giant won five out of the seven TV packages up for sale, but had to stump up 83 per cent more [...]
Premier League comes under further fire for TV rights auction February 11, 2015 The auction process used by the Premier League to sell TV rights to Sky and BT for a whopping £5.1bn came under criticism yesterday for the second time in a matter of days. The deal was reached under a blind auction, with an unknown number of rounds and bidders. Virgin Media chief executive Tom Mockridge [...]
Energy, oil and Sky’s football bill hurt FTSE – London Report February 11, 2015 THE UK and Gas index fell 0.6 per cent after crude dropped 2.3 per cent on expectations of persistent oversupply, a stronger dollar and a report showing US crude stockpiles at a record high yesterday. Meanwhile the main index was dragged lower by energy company movements as well as the fallout from Sky bidding for [...]
Manchester United made favourites to break transfer record following record Premier League TV deal February 11, 2015 A bookmakers has made Manchester United the favourite to become the first club to pay a player more than £500,000 a week. Following the Premier League’s record-breaking domestic TV rights deal negotiated with BT and Sky, bookmakers Paddy Power has issued odds on which club will be first to break the salary milestone [...]
Manchester United share price soars following record Premier League TV deal February 11, 2015 The record £5.14bn Premier League TV deal is still a season and a half away from kicking in, but some clubs are already feeling the benefits. Manchester United’s share price rose on the New York Stock Exchange yesterday, rising by almost five per cent to a price of $17.03 per share. The [...]
Five things you could buy for the same price as the Premier League TV rights: 325 Balotellis, 2.2m travelcards, 65m Apple shares and more February 11, 2015 Buying up the rights to broadcast Premier League matches to avid football fans across the UK doesn't come cheap. At a total of £5.2bn, a record price paid by Sky and BT, that’s some serious spending power. Here’s what else that sort of cash could be splashed on. 1. 2.2m travelcards How about buying [...]