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League Deny Official Sites In Peril!
By: Bill Osborne
THE Football League say they have had no indication that their internet partner Premium TV could collapse after reports claimed they could close down leaving League clubs Â£35m short.
The Guardian says that the original contract with the Football League was over 20 years and included regular rights payments to clubs through the season, linked to the popularity of their websites.
But NTL's money troubles forced summer renegotiations and a new deal was agreed, allowing the League to take an 80-20 split of Premium's revenue until the remaining Â£35m was paid off.
PSV declined to comment but the League said; "There has been no indication that Premium is on verge of collapse. NTL clearly have financial difficulties but are pulling themselves out of it. Premium is the biggest sports internet portal in the country and potentially a huge business."
"No-one wants to walk away from it and it should be a huge revenue stream when it is fully developed. It is genuinely popular with the fans. There were some technical problems when it started out but they are all ironed out now."
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