Sky splashes out to keep grip on Bundesliga TV action

* Sky (LSE: BSY.L - news) wins six of eight live TV packages for German soccer

* Deal confirms rising value of sports rights

* Total (LSE: 524773.L - news) proceeds of 4.64 bln euros so far for 2017-2021

* Eurosport wins some live TV rights for first time (Adds Sky CEO, analyst comment)

By Harro Ten Wolde and Georgina Prodhan

FRANKFURT, June 9 (Reuters) - Rupert Murdoch's Sky kept its strong grip on live rights to German league soccer for four more years in an auction that raised 4.64 billion euros ($5.26 billion), an increase of 85 percent on the current deal.

"I am happy with the sum," Bundesliga Chief Executive Christian Seifert told a news conference on Thursday after the auction for media rights from 2017-2021.

Revenue was likely to exceed 1.5 billion euros in the final season once international rights and proceeds from two as yet unsold packages were included, he added.

"The Bundesliga is now perfectly placed to remain one of the world's three strongest soccer leagues in terms of revenues and to present sport at the highest level," Seifert said, indicating the deal would help German clubs to compete with rivals from Spain and England.

Sky will pay an average of 876 million euros per season compared to the annual figure of 486 million euros it pays for all the live TV rights in its current deal.

"This means Sky Deutschland (LSE: 0OCM.L - news) is the undisputed home of football through to 2021 in one of Europe's most passionate sports markets," said Chief Executive Jeremy Darroch.

Shares (Berlin: DI6.BE - news) in Sky, which has 4.5 million subscribers in Germany and Austria, added 2.8 percent, indicating investors were pleased that the company would still be able to show live soccer every weekend.

"The group now has visibility into the 2020s across virtually all of its main content groups," said Citi analyst Thomas Singlehurst, rating the stock a "Buy" and pointing out that 876 million euros was barely 15 pct of the group's programming budget.

Sky won six of eight packages available for live TV games and will screen 572 matches a season from Germany's top two divisions.

New (KOSDAQ: 160550.KQ - news) auction rules prevented any broadcaster having a monopoly of live coverage and mean U.S (Other OTC: UBGXF - news) .-owned Eurosport will be able to show some live action for the first time in Germany.

AMAZON MOVES IN

The Bundesliga is Europe's second-richest league after the English Premier League, which secured a record 5.1 billion pounds ($7.4 billion) for domestic rights for the three years from 2016-2019 from Sky and recent market entrant BT.

Bayern Munich are the dominant German team, having won the Bundesliga four times in a row.

Expanding after its takeover by U.S. media group Discovery Communications (NasdaqGS: DISCA - news) last year, Eurosport won a package of Friday games, some games on Sunday and Monday, as well as the season-opening Supercup and relegation play-off matches.

German public-service broadcaster ZDF also won some live rights. Fellow public broadcast group ARD kept the rights to be the first to broadcast highlights of games, securing the future of its flagship "Sportschau" Saturday night show.

Amazon.com Inc dipped its toe into the German soccer world for the first time, winning the audio rights for Internet and mobile in Germany. Britain's Perform Group (Other OTC: PRFGF - news) , an online sports specialist, secured a highlights package for streaming.

RTL Group (LSE: 0MNC.L - news) , Deutsche Telekom (LSE: 0MPH.L - news) and Axel Springer missed out on acquiring any rights. Earlier they had all said they were interested but did not consider exclusive rights to be a "must-have" asset. ($1 = 0.8773 euros) ($1 = 0.6917 pounds) (Editing by Keith Weir)