Jamie Carragher, Gary Neville and Michael Owen have expressed their delight after Sky Sports and BT Sports spent around £5bn to retain the rights to show live Premier League games.
The sum means that the two broadcasters will be shelling out around £10m per match that they show live from 2016 to 2019.
While both Carragher and Neville, who act as football analysts for Sky Sports, were pleased with the deal, they also called for ticket prices to be lowered.
Carragher tweeted: "That's the coaching badges out the window for a few years. Great day for @SkyFootball but with the amounts involved ticket pricing especially for away fans has too change. £20 for the 20 away games."
Neville also took to the social networking website to say: "I want sensible ticket pricing and grass roots football to benefit as much as possible from this deal. Who doesn't! This is a big issue! However the @SkyFootball staff produce / direct and present football better than anyone else. The best won!"
Michael Owen, who is part of BT Sport's coverage, tweeted: "Great news that BT Sport will be showing even more games in the future. Champions League, Premier League, FA Cup, Europa League, German League, Italian League etc."
As part of the deal, Sky will broadcast 126 matches, while BT will add 42 live games to its package.