On a soccer kick

Carlton in huddles to buy up Arsenal club

LONDON — Carlton Communications is negotiating to buy Arsenal soccer club for a reported $459 million, hot on the heels of Rupert Murdoch’s agreeing to buy Manchester United soccer club for $1.04 billion (Daily Variety, Sept. 9).

Carlton, along with Granada Media Group, is one of the two big companies of the ITV network, by far the U.K.’s largest commercial terrestrial web. Talks with Arsenal — which, like United, is an English Premier League team — are believed to have been under way for some time but are not thought to be close to conclusion.

Murdoch is buying Man U through the News Corp.-controlled satcaster BSkyB, which holds the ex-clusive broadcasting rights to the Premier league until the 2001-2 season, acquired for more than $1 billion two years ago. The BSkyB/Manchester deal — should it clear government scrutiny — will mark the first time a broadcaster has bought a British soccer team.

Leverage helps

Carlton — and there are rumors that other Brit broadcasters may weigh into the soccer-buying frenzy — may be looking for leverage for the rights to the Premier League, which used to be held by ITV, when they next come up for negotiation.

Many observers consider Murdoch’s deal as an insurance policy on two fronts. When Premier League rights come up for renewal, the owner of Manchester United will hold the upper hand because Man U is the most important team.

Secondly, clubs — pending a review currently under way — could soon be allowed to negotiate TV rights individually rather than collectively. Once again, where United leads, other soccer clubs may be forced to follow.

More Biz

  • Bruno Mars Grammys

    Recording Academy Announces Date, Deadlines for 2019 Grammy Awards

    LONDON — Carlton Communications is negotiating to buy Arsenal soccer club for a reported $459 million, hot on the heels of Rupert Murdoch’s agreeing to buy Manchester United soccer club for $1.04 billion (Daily Variety, Sept. 9). Carlton, along with Granada Media Group, is one of the two big companies of the ITV network, by […]

  • The Matcha Bros

    Ansel Elgort, Diplo, Billie Eilish, and Von Miller Invest in MatchaBar Energy Drink

    LONDON — Carlton Communications is negotiating to buy Arsenal soccer club for a reported $459 million, hot on the heels of Rupert Murdoch’s agreeing to buy Manchester United soccer club for $1.04 billion (Daily Variety, Sept. 9). Carlton, along with Granada Media Group, is one of the two big companies of the ITV network, by […]

  • Ron Burkle

    Ron Burkle Sues Lantern Capital Over Weinstein Co. Costs

    LONDON — Carlton Communications is negotiating to buy Arsenal soccer club for a reported $459 million, hot on the heels of Rupert Murdoch’s agreeing to buy Manchester United soccer club for $1.04 billion (Daily Variety, Sept. 9). Carlton, along with Granada Media Group, is one of the two big companies of the ITV network, by […]

  • Netflix Reed Hastings

    Netflix Falls Short of Q2 Subscriber Expectations Worldwide, Stock Dives

    LONDON — Carlton Communications is negotiating to buy Arsenal soccer club for a reported $459 million, hot on the heels of Rupert Murdoch’s agreeing to buy Manchester United soccer club for $1.04 billion (Daily Variety, Sept. 9). Carlton, along with Granada Media Group, is one of the two big companies of the ITV network, by […]

  • Johnny Depp

    Johnny Depp Settles Feud With Former Managers

    LONDON — Carlton Communications is negotiating to buy Arsenal soccer club for a reported $459 million, hot on the heels of Rupert Murdoch’s agreeing to buy Manchester United soccer club for $1.04 billion (Daily Variety, Sept. 9). Carlton, along with Granada Media Group, is one of the two big companies of the ITV network, by […]

  • Ed Sheeran Shape of You

    Ed Sheeran Tops Pollstar’s Mid-Year Touring Charts as Industry Soars to Record Gross

    LONDON — Carlton Communications is negotiating to buy Arsenal soccer club for a reported $459 million, hot on the heels of Rupert Murdoch’s agreeing to buy Manchester United soccer club for $1.04 billion (Daily Variety, Sept. 9). Carlton, along with Granada Media Group, is one of the two big companies of the ITV network, by […]

  • Lantern Capitol

    Weinstein Co. Closes $289 Million Sale to Lantern Capital

    LONDON — Carlton Communications is negotiating to buy Arsenal soccer club for a reported $459 million, hot on the heels of Rupert Murdoch’s agreeing to buy Manchester United soccer club for $1.04 billion (Daily Variety, Sept. 9). Carlton, along with Granada Media Group, is one of the two big companies of the ITV network, by […]

More From Our Brands

Access exclusive content