Own goal: Sky profits slip on higher costs for broadcasting top flight football

Sky yesterday reported a fall in full-year profits after it was stung by an increase in the cost of broadcasting live English Premier League football. The broadcaster saw operating profits slip 6 per cent to £1.4 billion in the year to 30 June after absorbing £629 million of costs linked to its deal to show England’s top-tier football. Sales rose 5 per cent to £12.9bn.