Football Business : Serie A Broadcast rights holders freeze payments

Football Business,Football News,Serie A,Serie A Broadcast rights,Serie A League

Pay-television broadcaster Sky, OTT operator DAZN, and the IMG agency have freeze payments to Serie A. According to a report in Reuters, the broadcaster were due to pay the last installment of this season payments to the league which they decided to stall as Serie A is yet to resume. The instalments are reported to total $239m and were to be paid by the end of last week. The companies have held off on them due to the ongoing shutdown of the league because of Covid-19.

The installment is part of a 1.3 billion euro annual fee which right holders pour into Serie A’s club coffers to screen matches under a three-year agreement expiring next season. According to the Reuters report, sources previously said rights holders had each presented Serie A with separate proposals for postponing or reducing the amount of payments due to clubs, in the light of the suspension of matches, but such proposals were rebuffed by the clubs. An extraordinary meeting of Serie A club representatives is expected to discuss the issue on Wednesday.

Also Read: Football Business: All Serie A teams vote in favor of full season

Spanish football’s LaLiga said it had no confirmed dates’ for a restart of its 2019-20 season. Last week, the manager of the Leganes team said the league would restart on June 20 but the Serie A top bosses are yet to make any official announcement about it.

Serie A was suspended on March 9 and the league and the Italian football federation (FIGC) want the season to be completed, playing matches without spectators. The Italian government has not yet decided whether it will give its permission for the league to do so, although it lifted a ban on individual training last week.