The Premier League has agreed to roll over its existing television rights deal for a further three years, it has been announced.
This story comes after Premier League chief Richard Masters asked the Government to “disapply competition law temporarily” to allow the league to renew its current UK broadcast rights contracts on their current terms without conducting a tender process – known as an ‘Exclusion Order’.
According to the organisation, broadcasters, including Sky Sports, BT Sport, Amazon Prime Video and BBC Sport, have agreed to the £4.7 billion deal that will run from 2022 to 2025.
Despite representing a 10 per cent drop in value, the deal has been widely welcomed in the wake of the coronavirus pandemic.
The deal – which has been approved by the Government “in principle” – also guarantees existing levels of financial support for the football pyramid, which includes solidarity payments, parachute payments, youth development funding, and funding for grassroots football at existing levels worth a total £1.5 billion.
An additional £100 million will also be provided to support “areas of the football community particularly vulnerable to the impacts of COVID-19”, the Premier League said.
Commenting on the deal, Mr Masters said: “We are hugely appreciative of the Government agreeing in principle to allow this arrangement and for their continued support for the Premier League and the English game. COVID-19 has had a significant impact on football, and renewals with our UK broadcast partners will reduce uncertainty, generate stability and promote confidence within the football pyramid.”
Allowing the Exclusion Order, the Government said Covid-19 has had a “significant impact” on the value of broadcast rights for football across Europe.
“Under an auction, it is plausible that the value of the Premier League’s domestic rights could drop,” said sports minister Nigel Huddleston.
“The Premier League and its clubs have already experienced financial losses totalling over £1.5 billion due to the impact of the pandemic, with further losses projected into next season. The wider football pyramid, from the Championship through to women’s football and the grassroots, has also suffered financial losses due to the pandemic.”
“To provide financial stability for the football pyramid, the Premier League has therefore requested that the Government make an Exclusion Order allowing it to renew its current broadcast agreements for an additional three years, on the same commercial and license terms, with current UK broadcast partners, without conducting a tender process.”