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PSL in R2bn broadcast deal

Aug 19 2011 17:42 Reuters

Company Data

NASPERS LIMITED [JSE:NPN]

Last traded 1097.47
Change 3.39
% Change 0.00
Cumulative volume 913425
Market cap 457.44bn

Last Updated: 24/04/2014 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - The Premier Soccer League (PSL) on Friday signed a five-year television rights deal worth more than R2bn with the country's satellite channel SuperSport, part of the continent's biggest media company Naspers [JSE:NPN].

PSL chairperson Irvin Khoza said the deal, which starts next season, puts the South African league in the Top 10 of worldwide earners from the sale of television rights.

"The winning tender... offered a composite package that includes internet and mobile rights," Khoza told a news conference.

"We need to be clear that it wasn't just the money that influenced us but (we) looked at the growth and enhancement of our product on our current deal, where we moved from being 30th ranked league in the world to the top 10."

The deal extended an existing five-year deal for which SuperSport paid R1.6bn in 2007. This season, which ends in May next year, is the last of the current agreement.

SuperSport won an acrimonious rights tussle with the SABC in 2007, but this time the cash-strapped state broadcaster's spokesperson Kaizer Kganyago said it did not have the financial power to challenge for the rights.

SuperSport sub-licenses matches to the SABC, and broadcasts an average of seven live matches per week.

*Fin24 is a Naspers publication.

 
supersport  |  naspers  |  psl
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