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Premier League and Sky Sports settle Covid-19 rebate

Getty ImagesSky Sports MD Rob Webster describes UK£170m rebate as "balanced and fair"UK pay-TV broadcaster also in talks with F1 and ECB to reduce rights feesSPFL and BT Sport reportedly close to UK£2. 5m rights settlement Sky Sports has confirmed a UK£170 million (US$213. 5 million) rebate with the Premier League and remains in talks with other sports bodies as the UK-pay TV broadcaster looks to offset losses as a result of the coronavirus pandemic. With Covid-19 wiping out live sport for broadcasters over the last three months, many networks, including Sky Sports, had to cut their subscription charges as part of efforts to appease customers. Now, after much speculation, Sky has agreed a rebate with English soccer’s top flight to help reduce financial losses. Speaking to the Financial Times (FT), Sky Sports’ managing director Rob Webster said the rebates would “mitigate the impact on our business [from] the lack of live sport over the past 12 weeks”, describing the deals as “balanced and fair”.

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https://www.sportspromedia.com/news/premier-league-sky-sports-broadcast-rights-rebate-settlement-coronavirus

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