Barclays renews Premier League partnership for £75m

Barclays is close to renewing its longstanding association with the Premier League through a £75m agreement that surpasses the worth of its current partnership. British retail bank’s suggested four-year contract with the highest level of English football was introduced to its 20 teams during a shareholder meeting last week. According to sources, the new arrangement is set to extend for one more season than the existing collaboration and is worth approximately 60% more per year.

Barclays renews Premier League partnership for £75m

Barclays has had a long-standing association with the premier league, serving as its title sponsor for an extended period of time under both its own name and the moniker of Barclaycard.

As Oracle prepares to terminate its affiliation with the Premier League, it will be in search of a new technology partner, coinciding with the establishment of the financial services alliance. Diageo, the owner of Guinness beer, has suggested paying a far larger amount than the previous agreement with the owner of Budweiser. This highlights the ongoing commercial attractiveness of the world’s most successful national football competition.

The meeting with clubs last week, however, was dominated by the announcement that Manchester City’s legal attempt to overturn the Premier League’s rules regarding linked party transactions was about to begin.

The champions’ decision to attempt to eliminate expenditure constraints has sparked further concerns about their dominance, especially after securing their fourth consecutive title. Manchester City remains at risk of a court lawsuit in the upcoming autumn, as they are accused of committing 115 violations of the financial fair play regulations set by the league.

Barclays renews Premier League partnership for £75m

spot_imgspot_imgspot_img

Recent Articles

Related Stories

Leave a reply

Please enter your comment!
Please enter your name here