Premier League Smashes TV Rights Record with Massive 7.81 Billion Euro Deal
Get ready to cheer for even more Premier League action, as the English soccer topflight just inked a jaw-dropping TV contract that'll leave rival leagues green with envy. According to league reports, the Premier League's clubs will rake in a staggering 6.7 billion pounds (approximately 7.81 billion euros or 1.95 billion euros per season) for the auction of media rights in the 2025/2026 to 2028/2029 seasons - a monumental sum that makes the Premier League the most lucrative league in Europe.
Broadcasters Sky Sports, TNT Sports and the UK's free-to-air public broadcaster BBC Sport are the contractual partners that made this record-breaking deal possible. "We've seen record ratings and audiences in recent seasons," remarked Premier League chief executive Richard Masters. "The outcome of this process underlines the strength of the Premier League and is testament to our clubs, players, and managers who deliver the best soccer in the world."
Changing the duration of TV contracts from three to four years also played a significant role in generating this record sum. With the current contract that runs until 2025, the league had earned around 5.5 billion euros spread over three years. The German Football League (DFL), however, last concluded a TV contract in 2021 that only guarantees it €1.1 billion per year.
While sources do not provide the exact figures for the new TV contract value for the Premier League, we can infer that it will be substantial, given the general trend of high TV rights in European soccer. As a comparison, the German Bundesliga, for instance, has a TV rights deal of €1.1 billion per year.
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With this colossal TV deal, the Premier League is set to surpass the earnings of other European leagues, such as Germany's Bundesliga. The record-breaking sum will significantly boost revenues for participating English soccer clubs.
