Thursday, May 18, 2017

Swofford: "We fully expect that gap will narrow considerably "




http://www.orlandosentinel.com/sports/college/college-gridiron-365/

The creation of a television network is expected to provide a new revenue stream for the league and for its member schools.
“That’s why we’re doing the channel,” Swofford said when asked if the new network would eventually close the gap in revenue between the ACC and the SEC and Big Ten, which both feature conference networks. “That’s the very reason we’ve signed to do what we’re doing. We fully expect that gap will narrow considerably when we get the channel up and running.”

https://floridastate.rivals.com/news/swofford-new-channel-will-close-acc-s-revenue-gap-with-sec-big-ten

Two weeks after mocking “so-called experts on social media” who questioned whether ESPN would move forward with its planned ACC cable television network in 2019, conference Commissioner John Swofford sounded even more bullish about the channel’s future on Thursday.
Speaking to a small gathering of reporters following the ACC’s spring meetings here at the Ritz-Carlton, Swofford said the linear ACC network is on schedule and that he has received “absolute, complete assurances” from ESPN executives that “everything is full blast.”
Not only is the channel moving forward, Swofford said, but he added that he’s confident it will shrink the growing revenue gap between the ACC and other Power Five conferences.
Pac-12 schools received more than $28 million in Fiscal Year 2016 -- the most recent numbers available -- while Florida State got about $24 million from the ACC. Big Ten schools reportedly are receiving well over $30 million annually, and some SEC schools got in excess of $40 million last year.
Swofford said the vast majority of that disparity is based on earnings from those conference’s cable television channels, particularly the highly profitable Big Ten and SEC networks. And he’s confident the ACC’s planned offering will bring its revenue up to speed.
“Very confident,” Swofford said, when asked by Warchant whether the fledgling network can make up the difference. “That’s why we’re doing the channel.”
Swofford said the ACC “fully expects” a gap in revenue to continue for a couple more years, but that will diminish once the ACC channel is fully operational.
“That’s the very reason that we’ve signed to do what we’re doing,” Swofford said. “And we fully expect that that gap will narrow considerably when we get the channel up and running.”

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