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Mediapro asking for 25% haircut on 2019/20 rights payments

The battle between the LFP and its domestic rights broadcaster, Mediapro, continues, with the latter organisation still refusing to make a payment due in October.

Owing to Mediapro’s parent company, Joye Media SL, being in financial difficulty, Jaume Roures is asking for a 25% haircut on the price for the 2020/21 campaign. Mediapro signed a contract that committed them to spending €820m a year on French football, and this discount would diminish their fees by somewhere between €170m and €200m, but uniquely for this season, according to L’Équipe.

In order to ensure financial survival of clubs in the meantime, the LFP were forced to take out a €120m bank loan last month, and will likely be forced to take another loan to support clubs in the coming weeks if their disagreements with Mediapro are not resolved.

The LFP is in a difficult situation, because if it accepts giving Mediapro a discount, the other more minor rights holders will surely also insist on receiving the same haircut: Free, Canal + and BeIN Sports, who currently make up around €300m a year of the overall domestic broadcasting landscape.

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