Quote:
Originally Posted by Chad
The Financial Times giving their view on the Premier League rights sale. Interesting points made about BT's investment in sport and how it could be viewed as a wasted exercise:
https://www.ft.com/content/49a54742-...e-08320fc2a277
Don't know if you'll able to view the link or not. I could but now I can't. |
Google the headline "Sky the winner as BT trims Premier League ambitions" and you will be able to read it. Allowed three articles a day this way I think.
---------- Post added at 20:08 ---------- Previous post was at 20:04 ----------
Quote:
Originally Posted by Chad
That's a pity. It was a good read. It was highlighting that BT's share price is almost identical to what it was prior to blowing billions on sports rights. Investors are starting to question the strategy as so far, nearly 5 years after becoming involved in sports, the growth they expected hasn't materlised.
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Thing is BT's share price may have been even lower if it hadn't gone down the TV route. The real drain on BT has been the issues with its IT arm, especially Italy.
BT takes £225m hit over Italy accounting scandal