(Bloomberg) -- Amazon.com Inc. is nearing a deal to broadcast Europe’s top football tournament in the UK for the first time, according to people familiar with the matter, as the tech giant pushes deeper into sports. 

US-based Amazon is one of a number of broadcasters, which also include BT Sport, that are poised to sign a media rights deal with UEFA, the governing body for professional football in Europe, the people said. It will cover UEFA’s flagship Champions League competition, as well as the Europa League and Europa Conference League.

The value of the three-year contract may be about 20% higher than the previous cycle, one of the people said, asking not to be identified discussing confidential information. That’s up from Enders Analysis estimates of 1.4 billion euros ($1.5 billion), indicating the new package could be worth around 1.7 billion euros. 

Representatives for Amazon and BT declined to comment, while a spokesperson for UEFA couldn’t immediately be reached for comment.

The deal is a fresh sign that Amazon remains ready to bid for some of the most expensive sports rights to boost demand for its Prime Video platform, having recently opted to pull out of the hotly-contested race to stream Indian Premier League cricket matches. It already shows live matches from the English Premier League and last year secured broadcast rights to most of France’s biggest football competition. 

For UEFA, the deal will be a boost to its recently-expanded Champions League, which last year faced the threat of a rival breakaway Super League backed by some of Europe’s biggest football teams. The Super League plan collapsed in a matter of days following fierce backlash from fans and politicians and UEFA subsequently revamped the Champions League in a bid to make it a more competitive and lucrative tournament.

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