Premier League clubs are looking to take advantage of Ligue 1.
After just 5 months into a four-year contract, Spanish company Mediapro decided to terminate their broadcasting right for Ligue 1 and Ligue 2 worth 2.75 billion. As a result, the Ligue 1 clubs have been left with no streaming or TV broadcast sponsors and the financial situation is in the fall.
Except for the Qatar-backed PSG who are financially stable enough to withstand pressure, other big guns of France are in deep trouble. As we understand from Daily Mail, Canal Plus are in advanced negotiations about buying the rights. But the French broadcasters are understood to be offering around 365 million euros less each season. This will force the clubs into selling many of their players to sustain.
French clubs were already in for a lot of suffering after the previous season was declared void amidst the corona pandemic. It struck them hard financially and they have had to pay a rebate to the broadcasters already. A league filled with talents, other clubs from leagues around the world will look to pounce upon this situation.
English clubs are the ones that are leading charge to get the signatures of the talents which is abundant in the league. Current leaders Lille are stacked with young talents and big clubs will look to feed off them. Liverpool have also launched inquiries about Renato Sanches and seem to have serious interest in him.
As per the latest financial reports, in 2019, French clubs amassed around 251 million USD from sales of players to leagues of other countries. With the previous season declared void, they had a lot of adjustments to make and could only make a meager amount from it.
Let us just hope that a solution is found out that is in everyone’s interests and the clubs can maintain their standards to compete with Europe’s best.
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