The International Champions Cup increased rights fees for its 2016 edition in new deals in the UK and Russia last week.
Gazprom Media chief executive Dmitry Chernyshenko has said the division of state-owned energy company Gazprom intends to streamline operations of the new Sport 360 project following the deal struck with state-owned broadcaster VGTRK last month.
Russian state broadcaster VGTRK has acquired rights to the 2015 International Champions Cup pre-season club football friendly tournament for its pay-television sports channel Sport 1.
The agreement between Russian state-owned broadcaster VGTRK and Gazprom Media Holding which will lead to the formation of a new state-backed sports broadcaster also includes the country’s most popular sports website, Sportbox.ru, according to Kommersant.
Media rights income for Euroleague basketball is likely to be about the same in the 2014-15 season as it was last season, partly due to difficulties in Russia, one of the sport’s key markets.