An NFL executive told The Associated Press on Wednesday that the league is in the midst of a massive overhaul that will include a new revenue model that will take it from an international sports franchise to a global league.
The overhaul is part of a $1.1 billion plan unveiled in March to bring the league back to a more profitable and competitive level, according to the executive.
The goal is to reduce the league’s costs and keep it in the black.
The overhaul includes more players and a more lucrative television deal.
The NFL is trying to build a global TV network to compete with the likes of ESPN and NBC.
The league’s broadcast partner, Fox, is owned by Rupert Murdoch’s News Corp. and is in talks to buy the network.
The talks have been stalled since the end of last season.
The executive said the NFL has been struggling financially in recent years, but has been able to find new revenue sources since the league began broadcasting in 2010.
NFL games are broadcast on Fox and NBC and ESPN.
“The idea is to get back to profitability,” the executive said.
“This is the big picture of the business.
The plan is to make the NFL a global brand.
It is an effort to have a globally competitive league.”
The executive added that the new model will be in place before the 2018 season and the 2022 season.
He said the league has been looking at other revenue streams and has not yet made a final decision.
The exec also said the team is “evaluating the best way to leverage our partnership with FOX and NBC to bring more of our games to audiences outside the United States.”
Fox is owned and operates ESPN, NBC and NBCSN.
Fox Sports 1, ESPN2 and FOX Deportes are the main networks for the league.
Fox is also the exclusive rights holder of the NFL Network, a live stream of the league on NFL Network and NFL Network Extra.
Fox also is a partner with ESPN.