Manchester United’s vice-chairman Ed Woodward has revealed that internet giants Amazon and Facebook are set to bid for streaming rights to show Premier League football.
Tech companies interested
Manchester United vice-chairman Ed Woodward expects both Amazon and Facebook to bid for Premier League football streaming rights.
This, of course, will bring about an even more lucrative deal for Premier League clubs and cause them to become even more financially powerful.
According to Woodward, they were both very interested in the last round of rights which were eventually sold mostly to BSkyB and BT.
BSkyB and BT paid £8.4bn for the rights to show Premier League football between 2016 and 2019.
Amazon have already demonstrated their wealth by outbidding Sky for the UK rights to the ATP tennis tour.
When asked whether he believed Amazon and Facebook would eventually bid for the rights, Woodward responded:
“Absolutely, I think they will enter the mix; anecdotally, there was incredibly strong interest in the last cycle.
We are hearing that around the Premier League table, and we are also hearing that from a European perspective in terms of interest in the Champions League and Europa rights.
I do think we are going to see an increasing engagement from these, and we would welcome the interest.”
According to the Guardian, neither Facebook or Amazon commented on Woodward’s remarks.
Manchester United record income
Meanwhile, the vice-chairman of the 13-time Premier League champions confirmed another record income.
The 2016-17 accounts for Manchester United show an income of £581m.
This being an increase of £66m from 2015-16, despite not featuring in the Champions League.
This figure from 2015-16 was bigger than any other Premier League club by £123m, with Manchester City’s income second highest.
This just demonstrates the financial power of Manchester United and why they are considered to be the league’s biggest club.