It just looks like its emphasising the 'SPORTS' rather than Sky now. It doesn't feel right.
Sky Deutschland has the right idea.
Sky DE has consistency, but those logos alone would have no brand presence, and would not work alone, as opposed to part of a group of channels, which is the selling point for sky in germany.
Sky Sports logos work well with the advertising boards at sports stadia, and is compact enough to fit in a rectangle in various forms of media. The sky logo itself has ascender and decender requirements, which need it to have space around it, however this causes issues when enclosing the logo in any kind of space, which an all uppercase logo does not have, so shoehorning it into the same blue space is not acceptable, and really a new logo should have been designed which works well with the ascenders and decenders like Sky Arts, and Sky 1,2,3.
But it is the rectangular enclosure which makes the current Sky Sports logo so flexible and fitting for advertising boards etc, and finding a compromise will be difficult, and a new sympathetic logo (sympathetic to the sky wordmark with its ascenders and decenders) needs to be designed, and its use on ad boards, posters, etc will need rethinking...