The NFL is Considering Purchasing Ownership Stake in ESPN
The National Football League is reportedly in advanced talks to acquire an ownership position in ESPN. ESPN is the largest sports media conglomerate in the United States. The New York Post reported last week that the NFL has been talking with Disney owned ESPN. They are considering an equity stake in the sports media organization. However, neither side has commented publicly on the rumors. Sources close to the negotiations say the possible deal would result in ESPN assuming control of NFL media.
NFL media is the primary marketing and communications division of the professional football league. The NFL has apparently been shopping its media division for years. The league has secured over $110 billion in media deals in recent years with ESPN, Amazon, CBS, Fox, NBC, and YouTube. ESPN currently pays the NFL about $2.6 billion a year for approximately 25 games, most of which air on the cable network’s Monday Night Football prime time slot.
The NFL is currently in the playoff stage of its season. The wild card weekend just ended yesterday and there are 8 teams remaining, all playing for a spot in the Super Bowl. The Super Bowl will be played in Las Vegas on February 11, 2024. This upcoming weekend features 4 games in the divisional round of the playoffs. On Saturday, the Baltimore Ravens will host the Houston Texans while the San Francisco 49ers will host the Green Bay Packers. On Sunday, the Detroit Lions will host Tampa Bay while Kansas City will travel to play the Buffalo Bills.
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