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Barclays to end Premier League sponsorship

27_03Barclays is ending its sponsorsip of the English Premier League. The bank said it will not be renewing the £40million-a-year deal when the current agreement expires at the end of the 2015-16 season. The bank agreed a £120m three-year deal in 2012 for the present rights – an increase of almost 50% on the previous £82 million contract. But with Sky and BT Sport paying a record £5.1billion for TV rights from the start of the 2016 season, Barclays fear the cost of the next sponsorship will also rise considerably. Barclays have sponsored the Premier League since 2001 but the 2015-16 season is set to be their last

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