Sky share price falls on massive Premier League TV rights spend while BT rises February 11, 2015 Shares in Sky fell as much as five per cent in early trading this morning, leading the FTSE lower, after it agreed to fork out £4.2bn on the TV rights for Premier League football games. The broadcaster paid 83 per cent more for the rights to screen 126 football games each season from 2016 to 2019 [...]
Sky high bids top £5bn for Premier League TV football rights February 10, 2015 Sky footed a huge £4.2bn bill last night in order to maintain its grip on Premier League football. The media giant will show 126 Premier League football matches per season from 2016 to 2019. It will pay over £11m for each game. The bill is an eye-watering 83 per cent increase over Sky’s existing three-year [...]
Sky and BT win Premier League rights: The billions keep pouring in, but do fans benefit from football’s boom? February 10, 2015 The flood of cash pouring into the Premier League each year just keeps getting bigger and bigger. Many fans roll their eyes as the numbers in football become increasingly astronomical – but do supporters of top flight teams benefit from the growing billions that TV firms put in? In terms of ticket prices, the answer [...]
Sky reveals it is still hooked on top football – Editor’s Letter February 10, 2015 THIS was the auction that Sky dared not lose. The satellite broadcaster has built itself on the back of live football and although it’s now a much more broadly-focused business than it ever was, the appeal of the Premier League is still what convinces hundreds of thousands of subscribers to stick with the service come [...]
Premier League sells TV rights for record £5.14bn to Sky and BT February 10, 2015 Premier League games are worth more money than ever before after the league agreed a new TV rights deal worth an incredible £5.136bn with Sky and BT. The average live Premier League football game will cost £10.2m to screen from the 2016-17 onwards, after Sky and BT shared the 168 games split across [...]
Ex-HSBC boss Lord Green under fire over Swiss bank tax evasion row February 9, 2015 Ex-HSBC boss Lord Green was under intense pressure last night after revelations that HSBC’s Swiss private banking arm helped clients evade and avoid hundreds of millions of pounds of taxes. The bank said it now refuses to work with anyone it suspects of dodging taxes, but the focus has fallen on Green’s time as chief [...]
Virgin Active IPO: Gym chain set for public listing in South Africa February 5, 2015 Gym chain Virgin Active has hired five banks in recent days to work on a public listing on the Johannesburg Stock Exchange. Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley, Standard Bank and UBS have been hired in recent days to work on the flotation which will value the company at around £1.5bn, according [...]
Premier League set for £4bn in TV auction bids and Sky and BT prepare for battle February 5, 2015 Today marks the closing of the deadline for bids in the multi-billion pound auction for the UK TV broadcast rights of the Premier League. The three seasons to 2019 of the most-watched football league in the world will certainly see BT and Sky battle it out for the coveted rights. But with the added possibility [...]
Analysts split on Premier League fallout for Sky February 5, 2015 WITH BIDS for the Premier League’s TV rights in, analysts were split this week over the potential damage or lack thereof that either winning the same package of games or losing games to BT could have on Sky. “The Premier League rights auction has been a major overhang on the Sky share price but potentially [...]
Hong Kong nom nom: Getting to grips with the burgeoning foodie scene February 5, 2015 Hong Kong at night falls somewhere between Manhattan and Magaluf, combining the grandeur of the former with the trashy hedonism of the latter. I was there in September when the humidity was in the 90s and the streets were heaving with twenty-somethings moving from bar to club. It’s also home to one of the most [...]