Mediapro mentioned it would honour Ligue 1 TV deal however should renegotiate value

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Mediapro on Wednesday reiterated its want to renegotiate its TV rights deal for Ligue 1 as French soccer reels from its resolution to not make this month’s scheduled fee.

In a packed press convention in Paris, the agency’s CEO Jaume Roures mentioned that the corporate had no intention of abandoning its four-year, 800 million-euro ($936m) per season settlement with France’s soccer league (LFP) however wanted to open talks on funds for the present marketing campaign because the coronavirus pandemic is biting into earnings.

“No-one may have predicted the social and financial results of Covid-19. This has result in us seeing with the LFP how we are able to adapt to the state of affairs, with out calling into query the committment we made in April 2018,” Roures mentioned, referring to when the 2020-2024 rights settlement was struck.

Mediapro received the majority of the rights for the highest two divisions, which have been value 1.15 billion euros in complete.

“The contract is right here to remain, that is what we would like. The one suppose we ask is that we adapt issues for this season,” added Roures.

Roures additionally mentioned that Chinese language-owned Mediapro, whose solvency has been known as into query, would be capable to “get by”.

Mediapro is the primary broadcaster for France’s prime two soccer divisions however didn’t pay the 172 million-euro October tranche destined to be distributed among the many golf equipment. The LFP says that Mediapro is speaking to a industrial court docket about mediation.

“We now have pleny of confidence within the conciliation course of, which can take some weeks,” mentioned Roures.

“I feel we’ve all of the means to discover a affordable answer. The contract is right here to remain, we must always not neglect that.”

Mediapro’s resolution to withhold fee sparked outrage amongst France’s skilled golf equipment, for whom TV rights characterize, on common, a 3rd of  revenues.

Final week the LFP threatened to tear up the contract with Mediapro. Government director normal Arnaud Rouger mentioned in an electronic mail seen by AFP that, if an settlement was not reached, the LFP would “want to think about handing the contract over to different operators”.

On Monday, the LFP registered a mortgage of 112 million euros to provide golf equipment some monetary respiration room.

In an interview with AFP, Roures mentioned that Telefoot, the channel Mediapro set as much as broadcast matches in France, wouldn’t be closed regardless of solely gaining 600,000 subscribers, properly under the goal of three.5 million.

“Mediapro has a turnover of two billion euros. We’re 26 years previous. We broadcast 16 soccer leagues from around the globe. We now have all the time honoured our contracts,” he mentioned.

“If the French shopper needs to see Ligue 1, the Champions League, he should subscribe to Telefoot, as a result of Telefoot might be saved alive. Telefoot is not going to disappear, neither tomorrow, nor the day after tomorrow.”

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