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They will lose millions:: but void the season and Leeds won’t get promoted:: hilarious xx
"The way I read that is premier league to lose millions not sky and BT . If they can't provide the goods then bt and sky don't pay."
I pointed this out to Toff only last week. SKY & BT have the Premier League by the balls to the tune of £762 million, plus Leeds Utd and WBA have a very good case to sue for £200 million each club if the powers that be decide to null and void the season through potential lost revenue, if they're not promoted to the EPL. This is why I believe the season will to be completed and matches will be televised to meet the contracts of SKY and BT.
The way I read that is premier league to lose millions not sky and BT . If they can't provide the goods then bt and sky don't pay. They are in breach of contract. On a different note another prime example of fund managers blinkered approach to the stock market this morning . Iag up 7% when they have no business only liabilities I.e. their planes parked on runways costing them thousands soon no doubt to be moved to the desert where it's free to park . Bt up a pathetic 2% on a ridiculously low sp who are running a strong robust profitable business . The investment bods should be flocking to buy into a safe haven not gambling on a dead duck.
Dear Lamtree, I’ve waited an age to see my team lift that trophy as well
"The reason for the early start is that the Premier League has a “watertight” deal with Sky Sports and BT Sport that would see them owing up to £762m deal if the season isn’t finished by July 16."
https://motleedsnews.com/news/its-wrong-ally-mccoist-delivers-verdict-on-new-pl-plan-that-could-be-disastrous-for-leeds-united/
I think that the football season's remaining 9/10 games will take place when it's safe to do so. Even if it means starting next season late. There is too much money involved for it not to be played. look at the two teams that are in prime position for promotion to the lucrative Premier League Leeds Utd and WBA, they stand to make more than £200 million each club if promoted. These teams along with SKY and BT would quite rightly sue the Premier League, costing the Premier League over £1 billion. can the EPL afford to pay this compensation out? So I have no doubts the season will resume at some point in the summer hopefully.
https://www.dailymail.co.uk/sport/sportsnews/article-8112803/Sky-Sports-BT-refunds-coronavirus.html
"Purely as an illustration of how this might work - and not to suggest the Premier League will be completely called off - Sky and BT between them have paid around £480m for matches still to be played in the 2019-20 campaign. Sky’s £4.364bn deal for 128 games per season from 2019-22 works out at £11.625m a game and BT’s £975m deal for 52 games per season works out at £6.25m per game.
Crudely put, Sky have almost £400m of games left to show this season, and BT more than £80m.
Their contracts with the Premier League wouldn’t necessarily guarantee insurance payouts of all that money - but they would be entitled to something.
If events never take place and money comes back to the broadcasters there would then be a discussion about goodwill refunds. But with the crisis changing dramatically from day to day, speculating when that might happen or to what extent is impossible. "
Had that happened we would have had fibre to all parts of the country in the 80's, i think that the product was called "T pon". All that 36 years of regulation has achieved is to allow customers to choose from a plethora of telecomms suppliers who have no wish to install new networks unless these are in high return areas. Leave the loss making remainder to the incumbent. Everyone including end users can then complain that BT have not installed super fast fibre infrastructure in all the smaller/remote/ less populated lower revenue areas. Remember if you live in a remote out of city area then it's likely that you won't have an "A" road or a motorway to your door. That' because it's not financially viable! As for the Offcom board, Ben Verwaayen should know better.
I read an article this morning claiming that if the football season's remaining games aren't played, SKY and BT will want £750 million returned to them. The remaining matches will be played I'm sure of that at some stage in the summer.
Lamtree
I’m amazed that some of these morons should take their BT investments so personally. Saying anything negative about the company is on par with insulting their wives or mothers. It only goes to show how puerile and infantile they are. Little wonder they’re in losing investments with mindsets like that. Their investment strategy is to -hold and hope - bury head in the sand and ignore any negative news - insult anyone who does.
As for me - I could buy back in and get 140 more shares for the same amount of money right now.
I haven’t ruled out trading BT again if I think I can make money, shares are just numbers to me, not my nearest and dearest. But I’d keep the deal small - and short
Target price @116
Toff
Wouldn't it be great if we could turn the clock back and not privatize Post Office telephones.We could have put the profits into the NHS.
People will still want the things they want now, businesses will re-build and new jobs will be created. Things are tough right now but they’ll be opportunity the other side.
"I find it interesting that people are concentrating on the revenue loss from Sport, and not looking at how the world has changed so quickly, in ways that play to BT’s strengths. Currently, with workers staying at home, the BT network has proved more than able to cope. In the last month the Company has seen a massive increase in orders for home working solutions, and additional pipes"
I agree Notakin, you will find that the only the negative none shareholders amongst us will highlight the BT sport, yet they won't see the positives.
“ I suspect if this goes on for more than 3 months many of the changes will be permanent”
Yes, but permanent insomuch as some people may no longer have jobs.
This is possibly only the beginning of a long rocky road which will eventually have to be unwound, so anyone investing now should not be surprised at the share price movements in the short term.
"Whenever this horror show comes to an end, I think (hope) people will act and work differently, less travel, more remote meetings because they’ve seen the benefits it affords now it’s been forced on them. Just my opinion of course."
It has been speculated that events such as this can lead to permanent changes and many businesses will no doubt be analysing the operating models around home workers.
Office space is expensive, commuting has environmental impacts and many jobs can be done behind a computer in a home office. I suspect if this goes on for more than 3 months, many of the changes will become permanent.
I find it interesting that people are concentrating on the revenue loss from Sport, and not looking at how the world has changed so quickly, in ways that play to BT’s strengths. Currently, with workers staying at home, the BT network has proved more than able to cope. In the last month the Company has seen a massive increase in orders for home working solutions, and additional pipes. Whenever this horror show comes to an end, I think (hope) people will act and work differently, less travel, more remote meetings because they’ve seen the benefits it affords now it’s been forced on them. Just my opinion of course.
"The ftse has risen about 365 points over the past two days but BT has actually fallen. Not only has it missed out on the rally, it’s turned tail and headed south."
Once again BT basher Toff points out the negative share price movements in BT over the past two days. Yes the massive drops are Wednesday down 0.95%, Thursday down 0.21%. But Toff conveniently doesn't include Tuesday's rise of 12.77%, I wonder why Toff doesn't give a balanced fair opinion? Could the reason be because he suffering after deciding to make his paper loss into an actual loss by selling out of BT? Time will tell if he made the wrong decision selling BT.
LT in what way is BT not operating?
Are you on the internet, yes
Is your Mobil working, yes
Is the telephone network working, yes
Is digital TV getting to the transition stations, yes
Are radio channels transmitting, yes
Are outside broadcast links to places such as Downing St ready to go, yes
Yup all operating as normal.
NDN
“negatively targeted at 2 companies, when almost all ft100 companies are taking a general hit at present”
But doesn’t the news filter down to the shareprice?
The ftse has risen about 365 points over the past two days but BT has actually fallen. Not only has it missed out on the rally, it’s turned tail and headed south.
Nothing new - it was tanking everyday before the virus gripped the markets. But I’d be really concerned being in a share that doesn’t rise with the market. That should tell you a lot more about a stock than Velo’s tea leaves and Fleecy’s Alternate Reality posts.
Toff
I think the loss of sports revenue is already priced in, this was pretty obvious once the premier league was shut down many weeks ago.
Because it shows a very narrow view, negatively targeted at 2 companies, when almost all ft100 companies are taking a general hit at present. Would think fish prices are rising at the moment though...
Toff - "That should set the shareprice tanking".
You all too conveniently ignore the elephant in the room, namely the compensation both companies will be seeking from the various sports organisations for failing to deliver their products.
Perhaps you should have a wider view than sport subscription providers. Many other sectors will loose the same and many much more, Airlines, hotel chains, leisure Centers, restaurant chains, diy stores, car dealerships, travel companies, high street retailers, airports, transport companies, public transport, on and on. 200-700million will be small change compared to the revenue losses of others, some of which may well not see the other side. What do many stuck at home do, watch TV paying for streaming, movies, entertainment pay view channels so the service providers will see some income they did not expect to get. It will not cover any potential loss from sport but will help to ease the impact.
Sky and BT will lose almost £1bn in revenue if top-flight sport remains shut down until August, according to a report that recommends players take a pay cut to support their clubs.
In England, the Premier League has postponed matches until at least 30 April, and it appears increasingly unlikely that the league will resume then as the government’s nationwide lockdown is expected to continue for months.
Sky has stopped charging commercial clients such as pubs that carry Sky Sports, and pay-TV subscribers can “pause” their payments. BT has told customers to call to “discuss their contract or other options”, while some customers on its flexible pay-TV package can elect to drop sport.
“Assuming a worst-case scenario of a four-month suspension of all sports coverage (British and foreign), with all sports subscribers pausing their contract and wholesale clients being allowed to follow suit, Sky would lose £700m and BT £228m in revenues,” Enders said.
That should set the shareprice tanking
Toff