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Sky Sports paid £1 Billion for new F1 deal
Sky Sports have confirmed their contract extension to air Formula 1 races in the UK until 2024, and in addition it will be the only channel broadcasting F1 from 2019 onwards, when free-to-air TV will come to an end in the UK. Sources now reveal Britain's premier TV channel paid £1 Billion to Formula One Management to obtain exclusive rights from 2019 onwards to broadcast Formula 1 as ‘pay tv' in the United Kingdom. Sky Sports F1 was launched prior to the 2012 Formula 1 season, sharing broadcasting rights with free-to-air channel, BBC until the end of the 2015 season, where Channel 4 took over after a cut in budget for BBC Sport meant it had to cut short its deal, which was until...
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