Summary:
Sky have been forced to cut their bids for live Premier League football by £500m to BT Sport and £400m to Sky.

Full article:
Sky faces losing the lion's share of Premier League live rights . The £4billion fight to show live Barclays Premier League football will go into a second round next week. The bids were tabled for the seven packages — starting in 2016-17 — by a noon deadline on Friday, but there was no immediate verdict from the Premier League, as there was a week earlier for the highlights rights won by BBC. This is because America’s Discovery Channel and maybe even Qatar-based beIN Sports could join BT Sport and Sky in a fierce battle that will not be concluded until Tuesday or Wednesday. Competition from Discovery Communications and beIN Sports could the push price per match to £8m . Sky have brought Arsenal legend Thierry Henry (right) into their star studded line-up of pundits . The PL are expected to ask for revised offers for all packages at the start of next week, which suggests bidding is very close for all sets of rights. Sky are understood to be putting all their resources into retaining the four prime packages with the most first picks, while BT Sport would be content with increasing their portfolio to 56 games a season. But the entry of two overseas giants in the domestic market will have the PL looking forward to an even bigger bonanza — pushing the price of one live match to £8million. Premier League fans are not expected to see a reduction in ticket prices following the sale .