Page "NTL Incorporated" Paragraph 43

On 19 June 2000, NTL entered into a joint venture with The Football League to set up an internet portal for all 72 clubs.

Under the terms of the deal, NTL would pay rights fees of up to £ 65 million over five years, with all participating clubs sharing in the profits of the joint venture, with a variable term in the region of 20 years.

Premium TV was eventually able to set up 78 football club websites after adding it's partially owned clubs.

The deal had with The Football League had to be renegotiated in September 2002 after NTL could no longer afford to pay its instalments.

The League clubs would now receive £ 5m and an 80-per-cent share of all future revenue earned by the venture until the total amount reaches the original figure of £ 35m.