English Premier League near sale of U.S. TV rights for $2billion

The English Premier League is nearing the sale of its U.S. television rights for about $2 billion, setting a new overseas record.

According to the Financial Times ViacomCBS and Walt Disney Co-owned ESPN are among the broadcasters bidding for the rights with Comcast Corp’s NBC, the current holder.

Second-round bids are due on Nov. 18, the FT report said.

Under the deal, which will be functional from the 2022-23 season until the 2027-28 season, Premier League will sell all 38 matches in a single block rather than in separate packages.

Deal discussions occurred amid fears revenue from football’s domestic broadcast rights deals will fall across Europe’s top leagues this year, due to a lack of competition between broadcasters. read more

If a deal comes through, it could set a record for Premier league’s U.S. broadcasting rights, making it the soccer league’s most lucrative overseas deal, according to the FT report.

Disney’s ESPN, the Premier League and Comcast did not immediately respond to a Reuters requests for comments after business hours, while ViacomCBS could not be reached for a comment.