ESPN closes deal for NFL Network, RedZone rights

ESPN has finalized a deal to acquire the NFL Network and other digital assets from the NFL, following approval from government regulators. The transaction involves ESPN, a division of Disney, paying $3 billion for the rights to these media assets. In return, the NFL will receive a 10% stake in ESPN, making it a minority stakeholder in the sports media giant. This arrangement allows the NFL to have a direct influence on ESPN's coverage of the league. The deal was confirmed over the weekend and marks a significant shift in the relationship between the NFL and ESPN. With this acquisition, ESPN will now control the NFL Network and RedZone rights, enhancing its portfolio of sports programming. The NFL's stake in ESPN provides it with a level of ownership and oversight that could impact how the league is represented in media. Additionally, Disney has the option to buy back the NFL's stake starting in July 2034. The NFL also holds the option to acquire a larger share of ESPN in the future. Hearst, which previously had a stake in ESPN, will retain an 18% position in the sports operation following this deal. ESPN is currently valued at $30 billion, reflecting its significant role in the sports broadcasting landscape.