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The move behind EPL’S $7 billion broadcasting deal extension
English Premier League soccer clubs have renewed their existing UK broadcast deals to avoid money loss.
The English Premier League soccer championship has agreed a proposal for a three-year renewal of U.K. live and non-live broadcast agreements with Sky Sports, BT Sport, Amazon Prime Video and BBC Sport.
EPL has signed with the major networks from 2022-2025 to avoid an auction process that could have lost them money.
Skipping the auction will be a relief to England’s top 20 clubs as revenues from domestic broadcast rights deals were expected to fall.
Premier League chief executive said the deal would play a major role in a return to normality for the competition and clubs.
The rights deal worth £5 billion ($7 billion) was agreed in 2018.