OCT 00] COVENTRY CITY NEWS
Blues Face £3m Shortfall
City face a £3m loss of potential income after communications
firm NTL pulled out of negotiations over pay-per-view.
Premier League club is now facing a reduction in the windfall it
was due to receive from the latest big bucks TV deal negotiated
earlier this year.
bid £327m in June for the rights to screen 40 Premier League
games per year, starting next season.
the American company has now pulled out of the deal after
discussions broke down.
Knapp, NTL's chief executive, said the company was unable to
comment further on the collapse because of a confidentiality
agreement signed with the Premier League.
is thought that the firm feared they could not make the deal
week thousands of angry fans jammed the switchboards of
u>direct after being presented with a blank screen when they
paid to watch Englandís game in Helsinki.
u>direct said the system worked well for people who booked
early, it has increased scepticism surrounding pay per view.
City had been among the elite clubs looking forward to a bumper
pay day of as much as £20 million after the TV deal was signed.
there will have to be a recalculation unless at a new PPV buyer
is found, at a time when fans are speculating the club could be
dipping into the transfer fund to help pay for its new stadium.