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Post by tigertiger on Jul 1, 2017 13:04:09 GMT
Fantastic news emitting from the corridors of the ECB. Not only is the new City-Franchise Tournament (CBT) going to bring in massive amounts of money for County Cricket but terrestrial TV is back in the frame with the BBC to show over 100 hours of cricket each Summer over a 5 year period (2020-2024). Meanwhile, SKY has beaten BTSports to the overall media rights which include the CBT. The ECB claim the overall financial package is worth £1.1bn. WOW!! We live in exciting times. Farewell, the county cricket debt - welcome a new invigorated and cash-rich English sport. As for all those doom-mongerers against the CBT. You got it wrong. This is the best cricketing news I have heard in many a year. Let's go and celebrate. The sport is saved from extinction! Well done the ECB, in particular, Colin Graves and Tom Harrison. Give 'em Knighthoods, I say! www.ecb.co.uk/news/425049www.bbc.co.uk/sport/cricket/40455556Let's Celebratewww.youtube.com/watch?v=3GwjfUFyY6Medit"A game changing deal for English cricket..." (Tom Harrison interview) www.bbc.co.uk/sport/cricket/40459091www.espncricinfo.com/england/content/story/1107577.htmlSince no-one seemed to doubt the money (although very slightly down on ECB predictions earlier in this thread), I am not sure how we conclude that cricket has been saved until we see the numbers of spectators at all levels of cricket in five years time, say.
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Post by Wicked Cricket on Jul 1, 2017 15:53:52 GMT
tt,
The money we were told would be between £1bn and £1.25bn, so £1.1bn is an excellent compromise, imho. As to the comment: "The sport is saved from extinction", my enthusiasm got the better of me. Perhaps, 'a reprieve until 2024', is a better phrase. By then, we'll know whether the CBT is a success or failure.
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Post by tigertiger on Jul 1, 2017 17:32:36 GMT
WOW! Hoult continues, "The huge sum of money, on a par with that paid this month for Champions League and other European club football, will secure the future of the domestic game for a generation if the ECB can hit the target it has set for its first broadcast auction in five years. The ECB is looking to land between £230 million-£250m per year for five years from 2020 to 2024, an incredible threefold-plus uplift on the current £75m it currently receives annually from Sky Sports for exclusive coverage of all live cricket in England." Double WOW! This was the quote I remembered that was fractionally more optimistic.
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Post by Wicked Cricket on Jul 2, 2017 7:00:14 GMT
WOW! Hoult continues, "The huge sum of money, on a par with that paid this month for Champions League and other European club football, will secure the future of the domestic game for a generation if the ECB can hit the target it has set for its first broadcast auction in five years. The ECB is looking to land between £230 million-£250m per year for five years from 2020 to 2024, an incredible threefold-plus uplift on the current £75m it currently receives annually from Sky Sports for exclusive coverage of all live cricket in England." Double WOW! This was the quote I remembered that was fractionally more optimistic. So we are talking of £50k less than the original speculated lower estimate. As you say this is fractional. £1bn was the figure I expected.
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Post by tigertiger on Jul 2, 2017 9:02:20 GMT
Try million rather than k
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Post by Wicked Cricket on Jul 2, 2017 10:46:44 GMT
Try million rather than k Yep, £50m, my error, post was made too early in the morning. Too many 00000000s to get your head around! 🙂
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Post by lovelyboy on Jul 2, 2017 21:25:09 GMT
Fantastic news emitting from the corridors of the ECB. Not only is the new City-Franchise Tournament (CBT) going to bring in massive amounts of money for County Cricket but terrestrial TV is back in the frame with the BBC to show over 100 hours of cricket each Summer over a 5 year period (2020-2024). Meanwhile, SKY has beaten BTSports to the overall media rights which include the CBT. The ECB claim the overall financial package is worth £1.1bn. WOW!! We live in exciting times. Farewell, the county cricket debt - welcome a new invigorated and cash-rich English sport. As for all those doom-mongerers against the CBT. You got it wrong. This is the best cricketing news I have heard in many a year. Let's go and celebrate. The sport is saved from extinction! Well done the ECB, in particular, Colin Graves and Tom Harrison. Give 'em Knighthoods, I say! www.ecb.co.uk/news/425049www.bbc.co.uk/sport/cricket/40455556Let's Celebratewww.youtube.com/watch?v=3GwjfUFyY6Medit"A game changing deal for English cricket..." (Tom Harrison interview) www.bbc.co.uk/sport/cricket/40459091www.espncricinfo.com/england/content/story/1107577.htmlFirstly hats off to the ecb this is a brilliant deal for cricket But please let's not pretend this is all because of the new T20 competition.
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Post by Wicked Cricket on Jul 3, 2017 7:42:46 GMT
lb,
I agree although the CBT had a major influence in prompting SKY to raise their annual £75m to £220m. For me, as important as the CBT is, the "over 100 hours of cricket on the BBC" is absolutely brilliant. This covers a variety of matches where the CBT is just one aspect.
The ECB were, in my view, poorly criticised by some who pooh-poohed the initial speculative figures as pie in the sky; but while they may be £50m short of the lowest annual estimation, £1.1bn is still a fantastic result and messrs Graves, Harrison and Strauss should be applauded to the rafters for pulling off the greatest financial coup in the history of the English game.
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Post by Wicked Cricket on Jul 4, 2017 14:25:07 GMT
An article by Charles Sale in the Daily Mail offers more information on the latest SKY deal.
Originally, BTSport were reluctant to bid as they believed "a done deal" was already in place for SKY. But the ECB persuaded the Company that their offer would be considered as seriously as SKYs. Obviously, to gain the mega-bucks, BTSport had to participate in the bidding, otherwise, Graves and Co would end up with egg on their face.
Sale says BTSport made an offer of £175m a year which was the leverage required to then poke SKY to a higher one with the possibility that BTSport might then outbid them. So, this bid from BTSport was the key to the deal's success. SKY then upped the stakes by around another £35m a year much to the delight of the ECB but to the disappointment of BTSport after previously securing the TV rights for this Winter's Ashes.
Thank you BTSport for being the SKY cattle-prod.
Meanwhile, it does seem a definite "done deal" was offering the terrestrial TV rights to the BBC. While ITV showed no interest in bidding, both Channel 4 and 5 did; but many see the £13m a year BBC successfully bid for over 100 hours of coverage as "cut-price" and "a bargain". Their deal includes two live England Men's home T20s; 10 matches live from the new CBT including THE FINAL (that's amazing!); as well as prime-time highlights of all England Tests, ODIs and T20s. The BBC must be laughing all the way to Lord's. Meanwhile, both parties also have access to digital clips across cricket plus a range of rights for the Women's game. The BBC also extended their audio rights contract for the ball-by-ball TMS for the same period and are believed to to have seen off a major challenge from talkSPORT for Cricket Australia's Ashes rights for the next two series Down Under.
But, there is still one major hurdle to climb and that is the ECB deciding on the all important CBT format. For example, where will the teams be located; at what grounds could the matches be played etc.. It has been decided that the two rights partners, SKY and the BBC, will play a major role over such decisions.
There is no question that without the creation of the CBT, the £1.1bn secured would have been pie in the sky. Wisden Editor, Lawrence Booth, writes, "Harrison and Graves have pulled off quite a coup, simultaneously securing the game's financial future, while acknowledging that the need for terrestrial coverage had become a no-brainer. The return of the BBC is a cause for celebration."
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Post by lovelyboy on Jul 4, 2017 20:18:50 GMT
No S and F, without the competition between BT and Sky the £1.1bn would be pie in the sky. It really does have very little to do with the CBT
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Post by Wicked Cricket on Jul 4, 2017 20:50:08 GMT
I beg to disagree. I understand that the rivalry between BTSport and SKY helped fuel the bidding but without the CBT, the ECB would not have gained £1.1bn. Certainly, more than the previous £75m a year. Agreed. Perhaps, £500m-£600m over 5 years?
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Deleted
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Post by Deleted on Jul 4, 2017 21:45:47 GMT
Unless you are close to the negotiations, and let's face it, all of us, including S&F, have no inside info, then it is pure speculation as to what happened, what might have happened etc.
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Post by Wicked Cricket on Jul 5, 2017 6:36:37 GMT
fred, I agree. I may do some research to see if the ECB have published a figure on the worth of the CBT to the media. It would be interesting to find out. As you say, until then, it is speculation. edit: Some quick research shows a few reports suggesting the CBT is worth between £30m and £35m a year for media rights whilst others are higher at £40m. Although, this is pure speculation. Therefore, up to £200m over 5 years. Less than I speculated. Perhaps, the ECB may do a break down of media value of the different formats SKY successfully bid on at a later stage. www.sportcal.com/Insight/Features/111352
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Post by Deleted on Jul 5, 2017 9:49:57 GMT
S& F the ECB told the counties last Sept that the new comps would be worth £30 to £35m, compared to £5m for a two division county T20. But, of course, these figures were just judgements, and potentially biased, given the ECB's wish for the new comp.
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Bazpan
2nd XI player
Posts: 191
County club member: Kent
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Post by Bazpan on Jan 4, 2018 22:44:48 GMT
Everyone will have seen the announcement that the rootlessness of the teams participating in what's being called New T20 will be enshrined in non-geographical team names. The reasoning behind this is intriguing, unless it's obvious to anyone? Something has definitely happened, for the proposed tournament to have gone from city-based to regional to nowhere-based. Anyway whichever side of the New T20 debate you're on, the team names should be good for a bit of a chuckle when they're announced in March. I thought of some that might fit the bill. Ronin: Wandering samurai without a master. Flying Dutchmen: Obviously named after the mythical ghost ship doomed to sail the seas perpetually, never making landfall. Freedom of Movement: Currently in vogue. Or not. Difficult to tell. "Go F O M !" The Big Mo: Regrettable US election slang for momentum. The great thing about never coming to rest is that you'll always possess this property, highly prized by all cricketers. Ukiyo: The Japanese concept of the 'floating world' alludes more to hedonism than it does to itinerancy, but it does imply a sense of 'going with the flow' and is quite an appealing name so I think a point could be stretched. Displaced Persons Act: "Go D P A !" Stirling Engines: 19th century invention, modern versions of which are reckoned by some to provide the closest possible thing to perpetual motion. Martlets: Well there's a forbidden local connotation of course, but Martlets seems too good a name to waste as I believe the whole point of them is that they can never land. These aren't very good names, but I bet they'll be better than some of the actual names. (Not all of them, but perhaps better then some of them). By the by, in case anyone hasn't seen it here's the Candidate Brief for the New T20 Board of Independent Directors. It's a three-year appointment and will require 10-12 days per year of the successful applicants' time. www.lords.org/assets/Uploads/20171116-T20-Board-Appointments-Candidate-Brief.pdf
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