Friday, September 21, 2007

Billions at stake for a piece of Premier League

From the Sports Economist - some great quotes on the big money involved in the English Premier League:

Henry Winter interviews Richard Scudamore, the Chief of the English Premier League. Here are some choice quotes:

On revenue streams: "International TV rights were 10 per cent of our income, and are now 28 per cent of our income. We could be at 50 per cent of our income in three years' time [with international rights touching £1billion]."

On battles over rights to information: "We have a class action against Google and YouTube in the US. They have no appetite for taking down clips. If every clip of every goal is available on YouTube, what appetite will Virgin Media have for buying them?"

On the influx of foreign ownership: Scudamore rejects the suggestion that the Glazers, Lerners, Abramovichs and Shinawatras are here solely for the money. "They could get better returns making other investment decisions. It brings them a credibility, a profile, a reputation, whether in their home country or this one, which you can't get with other investment. Any financial aspirations they may have only work if they deliver success. Their interests are aligned to the fans. You don't buy a Rolls-Royce and try to turn it into a Ford Fiesta."