Sky shares plummet as Premier League rights auction sparks investor fear

Premier League TV

By Mark Baber
December 16 – The multi-billion pound auction for Premier League television rights, which kicked off on Friday, has led to a 4.4% fall in the share price of Sky plc on Monday on fears the company could be outbid by BT on a number of packages, and predictions the total bill could be as high as £5 billion, An Ofcom investigation, initiated by Virgin, has added to the lack of stability in the market.

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Burnley report value-for-money loss as they regain Premier League status

Turf Moor

By Paul Nicholson
December 4 – Success on the pitch can sometimes be a fickle financial master in football, but Burnley’s loss of £7.6 million for the year to June 2014 is looking like value-for-money. The Premier League new boys actually announced a £300,000 profit for their promotion season. But when you add in staff bonuses of £7.9 million due on elevation to England’s top flight, the profit becomes a £7.6 million loss.

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Chelsea closes in on £25m Turkish Airlines deal

Turkish Airlines ad

December 1 – Chelsea is reportedly “edging closer” to a deal with Turkish Airlines. According to unnamed sources the new Chelsea deal will be worth £25 million a year to the South London club, £7 million more than Samsung (whose contract expires at the end of the year) currently pay.

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