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Sky Bet extends English Football League sponsorship deal

Sky Bet has extended its multi-million pound sponsorship deal with the English Football League until the summer of 2024.The gambling operation is the headline sponsor for the Championship, League One and League Two football divisions.It gets its logo on shirts, and rights for “Bet and Watch” for some matches.It says it will try to discourage problem gambling through messaging on shirts, and that clubs will benefit through more money.The deal, which is worth tens of millions of pounds, has been in place since 2013.Sky Bet said it would be paying 20% more than it has done so far to extend the agreement from 2019 to 2024.This will make the eleven-year deal one of the longest in professional sport, the firm said.The Leeds-based operation, which includes sites such as Sky Vegas and Sky Bingo, is owned by private equity group CVC Capital Partners.Broadcaster Sky retains a 20% stake in the firm.

The money from the deal will be divided among the 72 clubs in the English Football League, which sits under the Premier League in terms of professional football club rankings.Richard Flint, chief executive of Sky Betting & Gaming, said: “We’re delighted to sign this new deal with the EFL and believe the additional focus we and the League are both placing on responsible gambling will show that well run betting operators can play an active part in raising awareness of problem gambling.”The betting industry has been under increasing scrutiny from the government, and from regulator the Gambling Commission.The BBC understands that the messaging on problem gambling is in part to try to head off increased regulation.Earlier this year the Football Association announced it would end sponsorship deals with gambling firms.One of the findings of the BBC’s annual Price of Football survey was that more young football fans bet on games than play the sport.About 95% of TV ad breaks in live football matches feature at least one gambling advert, the BBC found in October.In some matches, 40% of the adverts were for gambling.
Source: BBC News

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My name is Joel Bissitt. I have been an entrepreneur for 24 years and have run many small businesses across various sectors. For the last 10 years I have worked mainly within online media, franchising and small business start-ups.

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