North East UK news NUFC handed 'financial security' due to new TV new deal PremierLeague-News.Com

PremierLeague-News.Com - Newcastle United to be handed their share of new TV deal with Sky Sports, BT Sport, Amazon Prime Video and BBC Sport

North East UK news NUFC handed 'financial security' due to new TV new deal PremierLeague-News.Com

PremierLeague-News.Com - Newcastle United to be handed their share of new TV deal with Sky Sports, BT Sport, Amazon Prime Video and BBC Sport

North East UK news  NUFC handed 'financial security' due to new TV new deal PremierLeague-News.Com
13 May 2021 - 07:47

PremierLeague-News.Com - Breaking Sport Transfer News ! Newcastle United have been handed extra "financial certainty" thanks to the Premier League's new TV deal. Clubs, including the Magpies, have unanimously agreed a proposal to conclude a three-year renewal of the League’s UK live and non-live broadcast agreements with Sky Sports, BT Sport, Amazon Prime Video and BBC Sport. This follows approval in principle for the renewal from Government after an extensive period of consideration. A Premier League statement read: "As part of the Premier League’s developing strategic plan, the renewals will provide financial certainty to clubs throughout professional football as a result of maintaining current levels of support and enables the League to commit to increased funding. "This will give security and continuity throughout the pyramid until at least 2025. "The approval from Government will be embodied in an Exclusion Order under the Competition Act 1998, which will enable the Premier League to conclude the renewals without conducting its normal broadcast rights tender process. "In light of the damaging impact of the COVID-19 pandemic throughout the English football pyramid, the Premier League was able to demonstrate to Government exceptional and compelling reasons for the Exclusion Order. "This is based on the renewals safeguarding the world-leading levels of financial support committed to the football community through solidarity, youth development and wider community and good causes contributions. "The UK renewals for the next broadcast cycle - from seasons 2022/2023 to 2024/2025 - will be concluded at the same overall value as the current arrangements between the Premier League and its broadcast partners. "As part of the Premier League’s developing strategic plan, the renewals will provide financial certainty to clubs throughout professional football as a result of maintaining current levels of support and enables the League to commit to increased funding. "This will give security and continuity throughout the pyramid until at least 2025.

News source = PremierLeague-News.Com

.5bn to the pyramid over a three-year period, more than any other sporting organisation provides to its community. "On the basis of the Exclusion Order and the UK renewals, that commitment will be maintained during the next rights cycle and will be supplemented by an additional £100m of funding. "This additional £100m will be provided over the next four years only, and will extend support to areas of the football community particularly vulnerable to the impacts of COVID-19." Richard Masters, Premier League Chief Executive, said: "The Premier League would like to express our gratitude to our broadcast partners for their continued commitment to the Premier League and support for the football pyramid. "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. "We know that, once concluded, this will have a positive impact on the wider industry, jobs and tax revenues and will enable us to maintain and increase our existing solidarity and community financial commitments to the football pyramid for the next four years, even though we are yet to understand the full impact of the pandemic. "It comes at an important time and will enable us to plan ahead with increased certainty against a more stable economic backdrop. "Sky Sports, BT Sport, Amazon Prime Video and BBC Sport are excellent partners and provide fantastic coverage and programming to bring our competition to fans in the UK." Read More Related Articles 'We were selling to people that would generate income of Man City', Steve Bruce takeover verdict Read More Related Articles Callum Wilson has given Newcastle United a new dimension and has been a bargain at £20million

Source = PremierLeague-News.Com

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