A new step has been taken in the settlement of the conflict between Mediapro and the LFP.
As expected, the Commercial Court of Nanterre has validated the agreement recently reached between Mediapro and the Football League, revealed this Tuesday RMC Sport. The LFP thus recovers the TV rights of L1 and 2 and can therefore transfer them to a new broadcaster.
Under the terms of this agreement, Mediapro indeed retrocedes the rights acquired at a high price in 2018 and for which they were finally unable to honor the payment and the LFP for its part renounces to initiate legal proceedings to recover the 325 million. euros that the Sino-Spanish group should have paid him this fall, contenting itself with compensation of 100 million euros.
Mediapro has also committed to broadcast Ligue 1 and Ligue 2 matches until January 31, 2020, thus allowing the LFP to find a new broadcaster. Wishing to save itself from a new call for tenders, the League has already started discussions in this direction. The negotiations should intensify, Canal + being approached to recover the rights abandoned by Mediapro in return for the payment of 300 to 400 million euros additional. The encrypted channel already pays 330 million euros each year for the broadcasting of two meetings. An agreement is expected in early January.
Mediapro will compensate the LFP
The Mediapro flop is the “double penalty” for Ligue 1