Liberty Media Could Lead To F1 Change CONCACAF Expands Club Competition Ladbrokes To Sponsor Racing's Gold Cup BHA Could Block King George Move Finance Notes Palmer No Longer Interested In Silverstone Telstra, Perform Group Sign Deal Executive Transactions Manor F1 Team In Need Of $625,000 League One Club Sacks Groundsman
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BT Sport, which paid £738M ($1.1B) for Premier League rights, has "imposed remarkable financial penalties" on its TV production partners "if they miss a goal or even a corner next season," according to Charles Sale of the London DAILY MAIL. The clauses Sunset+Vine had to agree to for the production contract include £250,000 ($381,000) fine if a goal "is scored without being screened live" during one of BT’s 38 EPL games in the '13-14 campaign. There will also be the small matter of £150,000 ($228,000) "to pay if the S+V cameras miss a corner kick" or what is described as an "offensive free kick." The six-figure penalty code "was described as 'astonishing' by others involved in the tender process, with their lawyers never having encountered such a roster of fines as a contractual part of filming football." S+V Chair Jeff Foulser said, "There are financial penalties included in the contract, but we were happy to sign. BT have paid an enormous amount of money and want the best possible coverage" (DAILY MAIL, 4/30).
British sports rights company Perform said that "it was well set for strong growth as it prepares to negotiate new deals with online bookmakers" that use its video streams of live action, according to Keith Weir of REUTERS. The company, "whose shares have doubled in value since it floated in London two years ago," on Tuesday reported a 37% increase in revenue to £43M ($66M) in the three months to the end of March. Perform "buys up online rights to major sports events and supplies video clips or live content to newspaper websites, bookmakers and other firms." Negotiations for new deals are expected to begin in the coming weeks, and Perform "is hoping to be able to provide an update on progress" with its interim results due toward the end of August. Perform was still debating the length of licenses, but they "were likely to be offered on three-year terms." They "are restricted to six operators per territory" (REUTERS, 4/30).
UEFA has announced that "it will establish a working group to ensure member associations avoid fixture clashes between domestic and European games," after the FA "was disciplined for a breach of regulations," according to SOCCEREX. In what "is believed to be the first penalty for this type of offence," the FA has agreed to pay €50,000 ($66,000) to UEFA while 10% of its Champions League distribution payment for the '10-11 season "will be redistributed to other European countries." The FA’s penalty applies to the '10-11 and '11-12 seasons "when a number of clashes occurred, most notably the Premier League Merseyside derby between Liverpool and Everton, which was broadcast by Sky Sports on March 13, 2012" -- the same evening as a Champions League match night (SOCCEREX, 4/30).