Serie A, from domestic TV rights 930 million a year but salaries must be cut

Lega Serie A assigns the second package to Sky and secures € 927.5 million per year thanks to the sale of national TV rights in the three-year period 2021/2024. However, the financial and economic crisis also due to the pandemic is bringing to their knees the clubs that are asking for a “discount” on salaries and the postponement of federal deadlines. On the other hand, the accumulated losses of over 700 million by the 20 clubs at 30 June 2020, with the accounts to be closed as of next 30 June, could well exceed one billion euros.

The engagements node

After the initiatives of Inter and Juventus, Serie A intends to unanimously propose to the Football Federation the postponement of the terms for making payments for four months (March, April, May and June). The proposal will be notified to the Federal Council on Monday 17 May. Clubs are asking to postpone payment checks by postponing them for March from 30 May to 24 June, for April from 28 June to 31 July and for the months of May and June from 28 June to 31 December 2021. In addition, clubs aiming to cut two months. However, this objective appears to be more difficult to achieve because it will necessarily have to pass beyond an agreement with the Aic to an individual and protected acceptance by each individual card holder.

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TV rights

The Lega Serie A assembly also on Friday 14 May awarded package 2 of TV rights for the period 2021-2024 a Sky. The satellite platform will broadcast three games of the top flight championship in co-exclusive with Dazn, which together with Tim was awarded the first and third package with seven exclusive games and the other three to be shared with Sky. For the second package, a figure of approximately 87.5 million per season was put on the plate, which added to the 840 million with which Dazn secured the other two lots, brings total television revenues to 927.5 million euros. expected from the sale of national TV rights. Formally, a step backwards compared to the previous three years (which yielded about 970 million per year), but in 2021 the contract with the advisor Infront expires, which was paid a commission (from 55 million per season).

Stop the appeal of Sky

The matches included in the package in question are: an advance on Saturday evening, the lunch-match at 12.30 on Sunday and the postponement on Monday evening. The assignment, as stated in a note from Lega Serie A, is subject to the condition “that Sky Italia Srl renounces – with a formal written deed to be sent to the Lega and to be filed electronically in court by the deadline of 24 hours today May 14, 2021 after which the validity of the acceptance will definitively cease – to the appeal ex 669-bis and 700 cpc notified on 23 April 2021 and promoted before the Court of Milan, as well as to the merit actions based on the same reasons given in appeal “.

Premier and Bundesliga

Even Serie A, therefore, concludes the negotiations for the sale of domestic TV rights. The day before it was the turn of the Premier League formalize the agreement for the renewal of the agreements with Sky Sports, Bt Sport, Amazon Prime Video and Bbc Sport in view of the three-year period 2022-2025. The new contracts will have a total value equal to that of the current three-year period (approximately 4.7 billion pounds, or just under 5.5 billion euros). “The Premier League would like to express its gratitude to the partners for their continued commitment and support to the football pyramid – said managing director Richard Masters – we greatly appreciate the fact that the government has agreed, in principle, to consent to this. agreement”. Previously, the Bundesliga it was the first of the top 5 leagues to sign a new television agreement after the outbreak of the Covid-19 pandemic, securing 4.4 billion in the four-year period 2021-2025 (compared to 4.6 billion in the previous period).

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Author: Oleg Ceban
Graduated from University of Oxford. Previously, he worked in various diferent news media. Currently, it is a columnist of the world news section in the Free News editors.
Function: Editor
Oleg Ceban

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