Why DAZN wants BT Sport — and why BT is abandoning sport - California News Times

One event to start: Will not you join On October 14th, at the Business of Sports US Summit, we discussed the future of business in the world’s most valuable sports league.As a scoreboard subscriber, use your promo code to claim a free digital pass Premium21 Alternatively, buy a ticket and participate in a direct discussion or dinner at Lotte New York Palace.

Saturday night i head to Tottenham Hotspur London stadium to watch world heavyweight boxing match against Britain Anthony Joshua And Ukraine Oleksandr Usyk.. Sure, I want to see if AJ wins and can set up a super fight with something like this: Tyson fury Also Deontay Wilder..But my disadvantage is to see if I can collar the top executives DAZNA global sports streaming service showing Saturday games in 170 countries (not the UK) after signing a $ 100 million worth of contract with boxing promoters, Match room..

Anthony Joshua: DAZN Corner © Action Image via Reuters

DAZN, As reported This week’s FT is on the verge of a much bigger deal: Acquiring a British sports broadcaster BT sport..How Affordable Is The Purchase Still? Unprofitable DAZN? Will the partnership boost DAZN’s plans for a future IPO? I’m looking for an answer. Meanwhile, the scoreboard begins with a special dispatch of transactions that shake sports broadcasts. Please read- Murad Ahmed, Sports Editor

Tips and feedback scoreboard@ft.com.. Haven’t received your e-mail newsletter yet?sign up here..Let’s go for everyone else

Why DAZN Wants BT Sport — And Why BT Abandons Sport

Premier League coverage by BT Sport: Long goodbye © POOL / AFP via Getty Images

This dispatch is by Nic Fildes, FT’s correspondent for communications.

One of the less enviable jobs of a football manager is to move to a costly superstar player purchased by an ambitious predecessor. Ideally, a rival club with a deep pocket owner would appear and remove the player from the book.

BTThe telecommunications company, which has spent nearly a decade as a big UK challenger in the sports broadcast market, has found itself in a similar position.

It has accumulated an enviable collection of sports rights — Premier League, Champions League, UFC — But it has proven to be more popular with fans than shareholders.

The executive team that led the way into sports is a long time ago. Their successors have worked hard to make the business successful. BT Sport spent about £ 400 million annually on the company. After raising prices and lowering costs, we are now at the break-even point.

BT Sport UFC: Fighting Sky © AP

BT is estimated to have posted an operating loss of £ 2 billion due to aggressive sports expansion, Defend Similarly.rival Sky, Currently owned by a major US media company ComcastProvided free broadband to sports subscribers 10 years ago, consuming BT’s market share.

There is no doubt that BT counterattacked Sky’s lawn and brought a slightly calm image to life in the process.

Still, sports broadcasts are a distraction for carriers that are currently focusing on fiber and 5G upgrades.It started Sales process 6 months ago and DAZN, an ambitious streaming company backed by millionaires Sir Leonard Bravatonic,became Advanced discussion Sign a contract with a telecommunications company.

DAZN chaired by the former chair Disney When Ticktaku boss Kevin mayerDoes not hide its desire for Premier League rights or praise for BT Sport.

Kevin Mayer of DAZN: New Sports Champion © Getty Images for Disney

DAZN needs to cover the operating costs of BT Sport. This is estimated at £ 800m to £ 1bn annually, expanding the subscriber base beyond what BT can afford.

BT may also enter into a contract with DAZN to continue to provide subscribers with access to sports channels to avoid escape. Vodafone Spain I learned at the cost that quitting soccer can result in a large number of customer strikes. In 2018, we lost 100,000 users in the six months since we stopped displaying LaLiga.

Like other good transfer stories, getting a deal through a line is complicated. The sky can still make the last groove tackle to stop DAZN on that track. Sky has a cross-licensing agreement with BT and may refuse to play the ball. It is not yet a “completed transaction”.

Buyers should be careful: who will benefit from the sport “NFT”

Solare Card: A fantastic return? © Via Reuters

Can Selling Virtual Sports Items Make Real World Profit? Certainly some of the world’s largest tech investors do.

This week in Japan Softbank Initiative $ 680 million investment To a French startup Solare (“”So rare“). With a three-year history, the company runs a fantasy football game where players can buy and exchange digital football cards called non-fungible tokens (NFTs).

NFTs are protected on the blockchain, much like cryptocurrencies like Bitcoin. That is, each card is unique to the owner and gives the player an incentive to collect and trade.

Nicholas JuliaFinancial Times, CEO and co-founder of Sorare, said it had achieved $ 150 million worth of digital card sales this year alone. These returns have attracted the attention of many of the world’s top technology investors.

Sorare CEO Nicolas Julia (left) and Chief Technology Officer Adrien Montfort: Two Positive © via Reuters

Solare’s latest funding Atomico, Bessemer Ventures, D1 Capital, Eurazeo, Hill house, IVP When Lion Tree. Star soccer player like Gerard Piqué, Antoine Griezmann, Rio Ferdinand When Cesar Azpilicueta I also participated in the round.They joined an existing investor standard, accelerator When Heading..

Their collective bet is that the trading of Solare’s cards will continue in the future, just like that. Topps With a baseball card Panini Soccer stickers have been bought and sold for decades.

But wait. Is NFT just a fad?

Please experience of National Basketball Association And the offer is “Top shot⁠—A 12-second highlight that is blockchain-encrypted and then sold to fans as a digital card.

During February peakOver 80,000 buyers spent $ 224 million to get a basketball card that month. In July, only 35 buyers generated $ 8.4 million in sales.

Achieved Solare Card Their peak In March, it was worth an average of $ 281 compared to this month’s $ 168.92. However, the number of transactions has also increased steadily throughout the year, suggesting that there is more interest in Solare Cards than in top shots.

NBA Top Shot: No longer a slam dunk © AP

Julia of Solare claims that his company never sells NFT cards as an investment product and emphasizes that the reason for participating is to play fantasy football games.

If Solare is unable to remain interested in buying cards, the company’s new, well-funded investors can absorb the losses. That is the essence of venture capital. Most startups will fail. Investors want to make a big profit to one or two companies that survive and thrive.

There is concern that sports fans who buy NFTs may not be so clear about the risk of losing money.

highlight

Wimbledon and Emma Raducanu: Net Income © AP

  • NS Emma Raducanu The current is rolling.Organizer Wimbledon Tennis championship Announced sale Of the 1,250 corporate bonds guaranteed seats for wealthy fans, £ 46,000 per court, up from the previous £ 31,000. One of the reasons they think there is a lot of demand for expensive tickets is the arrival of the sensational winner, 18-year-old Englishman Raducanu. US Open Early this month.

  • Draft Kings, Fantasy sports and betting companies £ 18.4bn offer for includeSet the stage for a battle with a joint venture partner of the U.S. UK gambling group, the casino giant MGM.. FT has Profile DraftKings CEO Jason RobinsA man trying to make a big deal to dominate the emerging American sports betting industry.

  • Uefa Double criticism of the move to hold Biennial world cup.. European football governing bodies said that moving away from the existing four-year cycle would lead to player burnout and swallow the attention of women’s football tournaments.Opposition sets the stage for the fight against FIFAA global governing body that wants to hold competitions for the best national teams of the game more often.

  • Athletic, Online Sports Journalism Begins, Hires Investment Bank Lion Tree Find a buyer by price According to more than $ 750 million information..The move comes after a failed sales negotiation with both Axios And that New York Times In the last few months.

  • The British cricket operator has canceled an upcoming tour of Pakistan due to player welfare issues. Ramiz Raja, Chair Pakistan Cricket CommitteeSaid the decision made him feel his countryUse and binning“. The New Zealand move took place after New Zealand suddenly canceled a tour to an Asian country due to security concerns.

  • Derby CountyClub to play with Championship, The second layer of England football has fallen into power.Owner Mel MorrisTrying to spend money on the players to reach the Premier League, said he lost “more than £ 200m” during his time at the club.Administrator Quantuma looking for Short-term funds To secure the near future of the derby.

Final whistle

Butler and Norris: When Jimmy meets Rand © @ ESPNF1

We can’t get enough Jimmy Butler, NS Miami heat A basketball player whose star is his crowded yet competitive personality.We enjoyed This clip Butler’s crazy as a passenger in a racing car driven at top speed Formula one‘NS Lando Norris.. (Parental Advisory: Butler uses blasphemous words in the video).

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Why DAZN wants BT Sport — and why BT is abandoning sport Source link Why DAZN wants BT Sport — and why BT is abandoning sport

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