The Financial Situation (21 Viewers)
- Thread starter ReBeL
- Start date
The Serie A clubs will meet today to decide whether to drop Mediapro’s bid for the television rights for 2018-2021.
The Spanish broadcaster won the bidding with a €1.05bn bid, beating out Sky who had shared with SportMediaset in the previous cycle.
However, the competitions authority has blocked the bid, with an appeal to be heard on June 7.
Now the clubs must decide whether or not they wish to proceed with the bid, with the knowledge it could collapse next month.
In addition, Mediapro has not yet provided the clubs with the complete financial package for the first season.
The first instalment of €203m is due in July, and the broadcaster has offered to pay another €186m as collateral.
At the last meeting 10 clubs wanted to break off the deal and return to Sky, even though that package would be worth less money.
Atalanta, Bologna, Fiorentina, Inter, Juventus, Napoli, Roma, Samp, Sassuolo and Spal all favour that course of action.
However, 12 are needed for that motion to be officially carried, with Cagliari, Genoa, Milan, Torino and Udinese abstaining last time, while Lazio and Chievo were absent.
Mediapro is expected to be backed by the Chinese fund Orient Hontai, forming a new holding company with the fund as the major shareholder by June 17.
Sky, meanwhile, are offering €950-970m.
The Spanish broadcaster won the bidding with a €1.05bn bid, beating out Sky who had shared with SportMediaset in the previous cycle.
However, the competitions authority has blocked the bid, with an appeal to be heard on June 7.
Now the clubs must decide whether or not they wish to proceed with the bid, with the knowledge it could collapse next month.
In addition, Mediapro has not yet provided the clubs with the complete financial package for the first season.
The first instalment of €203m is due in July, and the broadcaster has offered to pay another €186m as collateral.
At the last meeting 10 clubs wanted to break off the deal and return to Sky, even though that package would be worth less money.
Atalanta, Bologna, Fiorentina, Inter, Juventus, Napoli, Roma, Samp, Sassuolo and Spal all favour that course of action.
However, 12 are needed for that motion to be officially carried, with Cagliari, Genoa, Milan, Torino and Udinese abstaining last time, while Lazio and Chievo were absent.
Mediapro is expected to be backed by the Chinese fund Orient Hontai, forming a new holding company with the fund as the major shareholder by June 17.
Sky, meanwhile, are offering €950-970m.
We are against Mediapro because they are unreliable and the whole system in Italy would collapse, if the clubs don't get their TV money. Sky offers less money, but offers certainty.
We will make less money either way because the outgoing government decided to change the law and distribute 50% (instead of previously 40%) of the money completely equally between clubs.
We lose money, while Milan and Inter stagnate and more or less neither make nor loss money. Everyone else will make between 10m (Roma, Napoli etc.) and 25m (Sampdoria, Torino etc.) more.
We will make less money either way because the outgoing government decided to change the law and distribute 50% (instead of previously 40%) of the money completely equally between clubs.
We lose money, while Milan and Inter stagnate and more or less neither make nor loss money. Everyone else will make between 10m (Roma, Napoli etc.) and 25m (Sampdoria, Torino etc.) more.
