If there's one part of this you might want to "solve", it's the possible ambiguity with using three letter abbreviations for team names, which is the one thing the redesign doesn't attempt to change.
Also note how the BBC display places the score a long way from the left border to accommodate for viewers who still have 4:3 screens and upscale the display in various ways.
The proposed design looks better, but the score will be cut of for some viewers.
ITV, on the other hand (who have the other ~50% of games in the UK), does have pretty bad design in the top-left corner – flags instead of shirt colours so don't know who's who, red cards sometimes drawn on top of red flags without any separation ([2] – there is a red card poking out of the right-hand-side of the Belgium flag!)
Writing the full team name all the time wastes some space and is sort of redundant. Not only are most people watching the game already aware of who the teams are (they wouldnt be watching otherwise) but the commentators are constantly saying the team names anyway.