RE: Champions league27 Oct 2019 17:57
https://www.thetimes.co.uk/article/bt-tackled-over-bid-for-champions-league-tv-rights-3vzk6s0v6
BT tackled over bid for Champions League TV rights
BT’s bosses face scrutiny over their turnaround plans this week as the broadcaster prepares to bid again for its Champions League TV rights.
In 2017, the telecoms giant paid £1.2bn for exclusive rights to televise the tournament and the Europa League for three years.
Bids need to be submitted to Uefa by November 11 to air the matches between 2021 and 2024. ITV and Sky are both expected to try to snatch the rights from BT Sport.
Philip Jansen, BT’s chief, has already told investors it will be “very disciplined” when it tables its offer. Speculation in recent months about a cut to BT’s dividend has increased the pressure on it to bid prudently.
BT has also made a bold — and expensive — pledge to accelerate its fibre broadband roll-out. It now aims to reach at least 15m homes by the mid 2020s — up from the 10m premises initially planned.
Paolo Pescatore, an analyst at PP Foresight, said the Champions League renewal was a “must win” for BT.
However, he added: “It can’t afford to spend more than the previous auction, which might be a challenge due to potential new players.”