FIM signs extensive deal with Eurosport Events

[Humphrey Appleby 13,940]

11 minutes ago, Grand Central said:

They have sold the SGP for massive bucks to a second company/group that hasn't got the faintest idea about Speedway and it's limitations ... Just like they did with BSI twenty years ago. 

Has it actually been announced how much the deal is worth? The IMG/BSI deal wasn't worth massive bucks in the grand scheme of things.

11 minutes ago, Grand Central said:

The FIM have actually sold the SGP at a massively inflated price, not based on what it actually IS but on a fictional 'what it might be' in a parallel universe. For the second time.

Caveat emptor. If Discovery/Eurosport haven't done due diligence then more fool them, but I'd find that highly unlikely given how long they've been in the sports broadcasting business.

Of course, any new deal is going to be accompanied by a load of publicity hype from both parties, but I suspect both understand the actual realities. 

[racers and royals 8,717]

TV revenues will be the key. We are assuming that Eurosport being pan European will show the GP’s throughout Europe. This will not bring in revenue the same as renewing contracts with Canal plus Poland and Danish, Swedish and GB contracts. It will be interesting what they decide to do.

[Daniel Smith 5,645]

I'm being proper dumb today, what does this all mean in layman's terms. 

1. Are OneSport & BSI totally removed? 

2. Have Eurosport become the series organisers? 

3. Will Eurosport show the sport on their channels or are they selling to 3rd parties (BT, Sky etc)?

4. Do Eurosport now have some say over each individual countries leagues?

[racers and royals 8,717]

1 hour ago, Daniel Smith said:

I'm being proper dumb today, what does this all mean in layman's terms. 

1. Are OneSport & BSI totally removed? 

2. Have Eurosport become the series organisers? 

3. Will Eurosport show the sport on their channels or are they selling to 3rd parties (BT, Sky etc)?

4. Do Eurosport now have some say over each individual countries leagues?

1 yes from 2022- but Onesport could still be involved working for  Eurosport events.

2 Eurosport events have

3 not known yet- see my post above yours.

4 None whatsoever, however i`m sure they and the FIM will not want to fall out with federations( and Extraleague) from 2022 onwards over scheduling.

Edited October 2, 2020 by racers and royals

[PHILIPRISING 7,298]

2 hours ago, Humphrey Appleby said:

Has it actually been announced how much the deal is worth? The IMG/BSI deal wasn't worth massive bucks in the grand scheme of things.

 

 

2 hours ago, Humphrey Appleby said:

 

NOT publicly but believed to be around $100,000.00

[OveFundinFan 4,137]

What will that sort of money actually give them.?

[PHILIPRISING 7,298]

4 minutes ago, OveFundinFan said:

What will that sort of money actually give them.?

READ the press release on page one. Remember that Eurosport Events are owned by the Discovery channel. The increased range of exposure on TV through the various Discovery outlets will, in their view, result in enhanced revenue from advertising and sponsorship.

[Humphrey Appleby 13,940]

45 minutes ago, PHILIPRISING said:

NOT publicly but believed to be around $100,000.00

Is that $100K or $1m? And is that per year?

If it's $100K per year, that's significantly below what BSI were paying. Even if it's $1 million per year, that's probably less than half than what the FIM was getting previously.

[PHILIPRISING 7,298]

1 hour ago, Humphrey Appleby said:

Is that $100K or $1m? And is that per year?

If it's $100K per year, that's significantly below what BSI were paying. Even if it's $1 million per year, that's probably less than half than what the FIM was getting previously.

ONE hundred million dollars for a ten year deal

[Humphrey Appleby 13,940]

3 minutes ago, PHILIPRISING said:

ONE hundred million dollars for a ten year deal

So would be about 3-4 times more per year than what IMG-BSI were paying, although the Eurosport deal covers multiple disciplines not just track racing, right? 

[PHILIPRISING 7,298]

2 minutes ago, Humphrey Appleby said:

So would be about 3-4 times more per year than what IMG-BSI were paying, although the Eurosport deal covers multiple disciplines not just track racing, right? 

WERE paying although of course IMG/BSI upped their bid but still fell far short of what Discovery put on the table including a cast iron commitment take the SGP to new countries outside of Europe and to invest in grass roots speedway. Will be interesting to see how that turns out.

[iris123 20,935]

29 minutes ago, PHILIPRISING said:

WERE paying although of course IMG/BSI upped their bid but still fell far short of what Discovery put on the table including a cast iron commitment take the SGP to new countries outside of Europe and to invest in grass roots speedway. Will be interesting to see how that turns out.

Well that could be in with their speedway youth world championship coverage, being cynical. Could run a little training school added on with a couple of star riders and they have done their part. It is something the FIM already do. Otherwise I wonder how they will invest in worldwide grass roots speedway.........

Edited October 2, 2020 by iris123

[Daniel Smith 5,645]

Could the fact Eurosport has the rights to British Speedway tick part of their 'Grassroots' quota. 

[PHILIPRISING 7,298]

3 minutes ago, Daniel Smith said:

Could the fact Eurosport has the rights to British Speedway tick part of their 'Grassroots' quota. 

DOUBT it ...

[Grand Central 2,654]

6 hours ago, PHILIPRISING said:

WERE paying although of course IMG/BSI upped their bid but still fell far short of what Discovery put on the table including a cast iron commitment take the SGP to new countries outside of Europe and to invest in grass roots speedway. Will be interesting to see how that turns out.

We all know it's not going to work at all.