The Code requires that sports events of significant national interest are made available to free-to-air broadcasters in live, recorded or highlights form so that they can be viewed by the vast majority of the population.
The Code also guarantees that signatories will put a minimum of 30% of net broadcasting revenues into the long-term development of their sports.
Commenting on the significant value of the Code, Sir David Scott CBE, Chair of the Code monitoring committee, said:
“The Code achieves two very important things. First, it makes the best sporting events available to everyone, regardless of their ability to pay for a subscription service. Second, it makes clear how the commercial success of elite sport helps fund the next generation of stars by ensuring that at least 30% of the net revenue raised from broadcast rights goes back in to the long-term development of sport.
“£125 million represents a significant contribution to the development of the respective sports and reinforces the importance of the Code as a collective commitment by governing bodies and event organisers.”
For more information on the Code please click here.
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