You will be redirected back to your article in seconds

BSkyB near stake in Chelsea soccer team

Company also to confirm buying share of Leeds Sporting

LONDON — British pay TV company BSkyB is in talks to buy a 9.9 percent stake in Chelsea Village, owners of the premiere Chelsea soccer team, part of a new drive to bolster an investment portfolio containing leading British soccer teams, the Sunday Telegraph reported.

In addition, the paper added that BSkyB is expected to confirm this week that it is buying a 9.9 percent stake in Leeds Sporting, the owners of the Leeds United team, for an estimated $12.05 million.

At the same time, the group will pledge to reduce its 11.6% stake in Manchester United, a legacy of last year’s failed BSkyB bid for the club, to 9.9 percent to comply with Football Association guidelines.

A BSkyB spokesman declined to comment on the speculation linking BSkyB to the soccer teams. BSkyB is 40%-owned by Rupert Murdoch’s News Corp.

Last month, British TV and leisure company Granada Group agreed to buy a 9.9 percent stake in the Liverpool team for $35 million, prompting speculation of further similar deals between TV groups and soccer teams.

The paper said BSkyB’s chief executive, Tony Ball, is in negotiations with Chelsea Village’s chairman Ken Bates to buy the Chelsea 9.9 percent stake, estimated at $24 million.

BSkyB’s latest investment campaign is a move by the group to ensure it has pole position in any negotiations over future TV broadcasting rights. In particular, it wants to secure pay-per-view rights for teams in which it invests, the paper added.

More Biz

  • John Malone

    What Does a Two-Headed SiriusXM/Pandora Giant Mean for the Radio Industry?

    LONDON — British pay TV company BSkyB is in talks to buy a 9.9 percent stake in Chelsea Village, owners of the premiere Chelsea soccer team, part of a new drive to bolster an investment portfolio containing leading British soccer teams, the Sunday Telegraph reported. In addition, the paper added that BSkyB is expected to […]

  • Bill Cosby arrives for his sentencing

    Bill Cosby's Downfall the Result of Small Decisions and Big Culture Shift

    LONDON — British pay TV company BSkyB is in talks to buy a 9.9 percent stake in Chelsea Village, owners of the premiere Chelsea soccer team, part of a new drive to bolster an investment portfolio containing leading British soccer teams, the Sunday Telegraph reported. In addition, the paper added that BSkyB is expected to […]

  • The Ozzy Osbourne-AEG Lawsuit Is Over,

    The Ozzy Osbourne-AEG Lawsuit Is Over, But the War of Words Rages On …

    LONDON — British pay TV company BSkyB is in talks to buy a 9.9 percent stake in Chelsea Village, owners of the premiere Chelsea soccer team, part of a new drive to bolster an investment portfolio containing leading British soccer teams, the Sunday Telegraph reported. In addition, the paper added that BSkyB is expected to […]

  • Tarana Burke

    One Year After #MeToo Shook Hollywood, the Fight Rages on (Column)

    LONDON — British pay TV company BSkyB is in talks to buy a 9.9 percent stake in Chelsea Village, owners of the premiere Chelsea soccer team, part of a new drive to bolster an investment portfolio containing leading British soccer teams, the Sunday Telegraph reported. In addition, the paper added that BSkyB is expected to […]

  • Bill Cosby departs after his sexual

    Bill Cosby Sentenced to Three to 10 Years in Prison

    LONDON — British pay TV company BSkyB is in talks to buy a 9.9 percent stake in Chelsea Village, owners of the premiere Chelsea soccer team, part of a new drive to bolster an investment portfolio containing leading British soccer teams, the Sunday Telegraph reported. In addition, the paper added that BSkyB is expected to […]

  • Sundance Film Festival Placeholder

    Senators Question Ticketmaster, Live Nation on Alleged Scalper Collusion

    LONDON — British pay TV company BSkyB is in talks to buy a 9.9 percent stake in Chelsea Village, owners of the premiere Chelsea soccer team, part of a new drive to bolster an investment portfolio containing leading British soccer teams, the Sunday Telegraph reported. In addition, the paper added that BSkyB is expected to […]

More From Our Brands

Access exclusive content