BT Regulatory News (BT.A)

1 July 2022

BT REMAINS HOME OF UEFA RIGHTS UNTIL 2027

BT Sport will remain the home of top flight European football until 2027, it was confirmed today. BT have secured the rights to the majority of the UEFA Champions League games, plus all the UEFA Europa League and the UEFA Europa Conference League exclusively live, for a further three seasons, including highlights and in-match clips. BT Sport will continue to make the finals available for all to watch. 

BT Sport will show the new format of the three European competitions from 2024, with 12 more teams, more matches than ever before, plus the introduction of an additional "knockout-playoff" round. 

In each competition, 36 teams will play in a single league format, with those finishing 1-8 progressing to the Round of 16, teams placed 9-24 contesting the additional knockout round, and the bottom 12 teams exiting the competition and no longer dropping down into the UEL and UECL respectively, introducing more jeopardy and must-win knock out matches. 

The expanded qualification system opens up the possibility of a fifth English team in the UCL and guarantees Scottish participation in the UCL and UEL. 

Last season the UEFA Champions League, UEFA Europa League and UEFA Europa Conference League were a huge success on BT Sport with a 37 per cent increase in UEFA Champions League viewer hours, the final between Liverpool and Real Madrid available for all to watch in the UK, and a record breaking 12.6m people tuning in across all platforms.  

Marc Allera, Chief Executive of BT's Consumer Division, said "BT Sport continues to be the home of the UEFA Club Competitions until 2027 and we are extremely proud to have the privilege of twelve years of broadcasting one of the most exciting competitions in the world. It is fantastic news for our viewers that from 2024 we will be able to show more games than ever before live and exclusive on BT Sport." 

Guy-Laurent Epstein, UEFA Marketing Director, said: "We are delighted to be extending our partnership with BT until 2027. BT has been a long-standing UEFA club competition partner since 2015, where it has applied industry leading broadcast expertise to European club football. Throughout 2024-27 BT will broadcast more live matches than ever before, which will be supplemented by its exceptional array of original programming."

The costs of the rights awarded to BT Sport is c. £305m per annum. BT expects to pay a deposit of c.£61m in July 2022. Following the move of BT Sport into the Joint Venture being created by BT Group plc and Warner Bros. Discovery, which is expected to be complete by the end of 2022, the JV would pay the rights costs of c. £305m per annum less the deposit.  The planned JV is subject to customary closing conditions, including CMA approval.

Our financial outlook for FY23 remains unchanged.  Following completion of the sports joint venture with Warner Bros. Discovery, we expect Group revenues to reduce by £0.5bn-£0.6bn per annum relative to FY22. We do not expect a material impact on our FY23 adjusted EBITDA outlook. We will confirm the full impact on all our outlook metrics following completion.

Ends

Notes to editors: 

The timing of the 6 cash payments covering the rights costs of c. £305m per annum, less the deposit, by the proposed JV will be: 

· August 2024 c.£92m 

· February 2025 c.£153m 

· August 2025 c.£153m 

· February 2026 c.£153m 

· August 2026 c.£153m 

· February 2027 c.£153m 

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BT Group is the UK's leading provider of fixed and mobile telecommunications and related secure digital products, solutions and services. We also provide managed telecommunications, security and network and IT infrastructure services to customers across 180 countries.

BT Group consists of four customer-facing units: Consumer serves individuals and families in the UK; Enterprise and Global are our UK and international business-focused units respectively; Openreach is an independently governed, wholly owned subsidiary, which wholesales fixed access infrastructure services to its customers - over 650 communication providers across the UK.

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