English football association TV revs take hit
Editor | 24-04-2014
Even though the Irish pay-TV firm went bust five years ago, Setanta's collapse has been blamed by the English Football Association for a marked dip in broadcasting revenues.
The sale of broadcasting rights in respect of The FA Cup and England national football team remains the FA's largest source of revenue, according to its latest financial report , amounting to £106 for the 2012/2013 season. This though was £34 million down on the previous season reflecting, said the FA, the impact of the new domestic broadcasting rights package granted to ITV for a two-year period ending July 2014. The package was sold in the aftermath of Setanta's demise and reflected 'reduced competition in the market.' Many analysts had felt that ITV had overbid in taking over from the hapless previous incumbent.
However, the FA did add that the reduction was partly offset by the additional international broadcasting revenues generated by the rights granted to nine broadcasters over the six-year period to July 2018. UK broadcasting rights for the four seasons from August 2014 to July 2018 were acquired by ITV for England friendly matches and by BBC and BT Sport for The FA Cup coverage. All of the Group's broadcasting rights have been sold and the FA assured that July 2018 and domestic broadcasting revenues will increase from the 2014/15 season.