Scudamore to quit Premier League at year-end
Richard Scudamore, executive chairman of English soccer's top-tier Premier League, announced today he will step down at the end of the year.
Scudamore has led the organisation for almost 20 years, initially as chief executive, before assuming the executive chairman role in 2014.
The 58-year-old is largely seen as the driving force for the commercial success of the Premier League, with domestic and international media rights worth a combined £8 billion ($10.7 billion) in the current cycle.
His announced exit comes on the day that the Premier League closed its domestic rights sales for the three-season cycle beginning 2019-20, unveiling deals with pay-television's BT Sport and online retail giant Amazon for the final two packages.
Scudamore said in a statement: "The Premier League is in great shape and the future is bright, of course there are still many things to improve and constant challenges, but that is what makes it so exhilarating... Because it is so compelling, the league’s success will continue under new and re-invigorated leadership."
He added: "We could not have achieved so much without the enormous commitment of broadcast and commercial partners across the world. That number will run into hundreds, they have all contributed to our story and I would like to thank them enormously. However, I am sure they will forgive me for singling out Sky for special recognition. Back in 1992 they were the catalyst for the start of the Premier League journey and have backed us all the way since, joining forces to see off regulatory and other challenges throughout whilst setting global standards in broadcasting excellence that others have strived to replicate."
The Premier League said its board and audit committee "have been working on how we will replace Richard and we expect to make an appropriate appointment in good time so there can be a seamless transition."