Have we seen the top of the sporting market?
For many years experts have been concerned that sporting salaries, especially in the field of football, have risen far too quickly to levels which for many teams would eventually lead to commercial suicide. The English Premier league brand-name for one has continued to grow and grow despite these reservations although it appears that the collapse of Setanta has injected a sharp dose of reality into the sector.
While the English Premier league is very confident it can arrange a broadly similar deal to the original one with Setanta we may have seen the top of the sports rights market for the moment at least. The situation in Scotland is very different as the league itself is dominated by Rangers and Celtic and many believe that Setanta initially overpaid for the rights. The harsh reality is that without Rangers and Celtic there would be no commercial sense in acquiring live Scottish games even for a newcomer to the sector.
There is also intense speculation that a number of the top Scottish teams are in severe financial trouble and the collapse of Setanta has sent shockwaves throughout the sector. While the Scottish Premier league appears confident of signing a comparable deal with a new TV partner, not everybody shares this positive outlook.
Share this..
Related stories
Is the UK rail network next to be nationalised?
There are serious concerns in the UK rail transport sector that the government's insistence regarding the pricing formula for franchises around the country will see many operators pushed towards the financial abyss. As we covered in one of our recent posts, the formula is linked to inflation and if inflation turns negative then we will see train operators forced to reduce their prices at a time wh...
Read MoreYoung people get the savings message
Young people seem to be getting the savings message, with twice as many 18 to 24-year-olds now opening savings accounts compared to figures from six months ago.New research from Birmingham Midshires' found that one in seven young adults have recently opened a savings account, compared to one in 14 six months ago and also showed that young adults are more likely than any other age group to have sta...
Read MoreConsumer confidence hits a new low on the UK high streets
Over the last few days we have seen a number of consumer surveys which have indicated a further fall in consumer confidence in the UK. This news together with recent confirmation that life is tough on the high street does not bode well for the UK economy in the short to medium term. This drop in confidence has been further exacerbated by a rise in the unemployment numbers in the UK with many feari...
Read MoreHalifax survey shows housing is now more affordable
A survey by Halifax today casts a very different light on the UK property sector with regards to first-time buyers specially. The reports suggest that 94% of first-time buyers were not required to pay stamp duty on their purchases between January 2010 and June 2010. A number of first-time buyers confirmed this was a major factor in their ability to climb onto the property ladder with the Halifax a...
Read MoreEven The DIY Market Is Seeing Large Price Rises!
While the property market in the UK continues to fall, more and more home owners seem to be looking towards the DIY market. However, the signs are that even this area of the economy is experiencing high inflation with prices moving higher. A report by the Royal Institution of Chartered Surveyors has revealed details of price rises over the last couple of years, which have pushed the cost of home...
Read More