Sky Bet agrees record English Football League title sponsorship8th June 2023 9:55 am GMT
Flutter Entertainment’s Sky Bet has signed a record five-year partnership with the English Football League (EFL) to continue as the League’s title partner until the end of the 2028/29 campaign.
Building on a decade-long partnership, the new sponsorship fee represents a 50 per cent increase from Sky Bet, providing significant revenue for EFL Clubs and support for the League’s overriding objective to make clubs financially sustainable across all divisions.
The deal will also see Sky Bet invest £1 million per season, and £6 million in total, into a Community Fund held by the EFL to be invested into communities across England and Wales where EFL Clubs are located.
Sky Bet and the EFL will use the funding to deliver activity via the EFL Trust and the network of Club Community Organisations (CCOs), with the initiatives in focus to be mutually agreed by the organisations.
Having first been agreed in 2013, the long-running partnership is centred around a Memorandum of Understanding (MOU) between the two organisations that sets out how to deliver joint objectives in a socially responsible way.
The MoU will continue to put the protection of children and other vulnerable individuals at its heart, with both Sky Bet and the EFL making a renewed commitment to its approach in the promotion of the product.
As part of this, Sky Bet will not actively advertise in family areas of club stadiums or to young fans, while the EFL will dedicate a proportion of its central inventory to promote safer gambling messaging and support Sky Bet’s safer gambling campaigns.
Sky Bet will also fund a player education programme across the EFL’s 72 clubs that will focus on the potential dangers of gambling, and provide support and advice.
Learnings and insight from the partnership will also be shared with British Government, other sports and sector stakeholders to help inform the new sports sponsorship Code of Conduct, which is being developed in accordance with the Gambling Act Review White Paper’s proposals.
“I’m extremely proud of Sky Bet’s ongoing partnership with the EFL and delighted to have reached today’s agreement,” said Sky Bet chief commercial officer Steve Birch. “Football is central to who we are and it’s great to be able to support the game and provide investment for Clubs across the Pyramid.
“I’m particularly delighted that we can go one step further today with the announcement of our Sky Bet EFL Community Fund, seeking to make a real difference for people across England and Wales. As the recent Sky Bet Play-Off Finals demonstrated, the EFL is going from strength to strength with packed grounds and millions watching games here in the UK and around the world.
“We are absolutely committed to Safer Gambling, and I’m delighted that our partnership with the EFL shows how responsible betting and gaming operators, and sporting organisations can work together to promote safer gambling and tackle the issue of gambling harm.”
The agreement sees Sky Bet continue as official title partner of the Sky Bet EFL and Sky Bet Play-Offs on a worldwide basis. The operator will also have rights to award the official Manager, Player and Goal of the Month awards, as well as the seasonal ‘Golden Boot’ and ‘Golden Glove’ awards in each division.
“For over a decade, Sky Bet has been a valuable partner for EFL Clubs, offering sustained investment to help Clubs navigate a volatile financial landscape and ensure fans can enjoy fantastic footballing entertainment in every corner of the country,” said EFL chief executive Trevor Birch. “We have consistently seen our partnership evolve to move with the times and with community at the heart of the EFL, a new community investment fund is perfectly aligned and will help strengthen the partnership’s commitment to social responsibility.
“The Government’s recent Gambling White Paper highlighted the social responsibility measures that have accompanied our partnership with Sky Bet as being an example of good practice for the wider sports sector to learn from and we will look to deepen our commitment to the promotion of safer gambling as part of this extension.
“On behalf of our Clubs we thank Sky Bet for its ongoing support to English football and we look forward to seeing our much-loved competition develop yet further with the additional certainty this investment provides.”
Shares in Flutter Entertainment plc (LSE:FLTR) were trading 0.61 per cent lower at 15,405.00 pence per share in London Thursday morning.