The BBC ‘fell £10 million short’ of keeping The Great British Bake Off, according to a report by BBC News.
The corporation apparently offered Love Productions £15 million to keep the show yet Channel 4 outbid them, reportedly paying £25 million for the flagship show.
Meanwhile, the current series of Bake Off will continue to air every Wednesday on BBC One.
With Channel 4’s acquisition of the show, Mel Giedroyc, Sue Perkins, Mary Berry and Paul Hollywood’s continued presence on The Great British Bake Off has been put into question.