Tuesday, April 23, 2024
spot_img

UEFA prepared to give clubs leeway over CL deals

Date:

Share post:

spot_img
spot_img

Geneva, Oct 13: UEFA is preparing to give Europe’s top soccer clubs the greater control they have wanted for Champions League marketing rights and deals – an issue that had earlier helped drive some to launch the breakaway Super League, a tournament that drew mixed response.
UEFA said in a statement released late Tuesday it “started the search for a marketing and sales partner” to complete deals within an agreed strategy for three seasons of club competitions from 2024-27.
The clubs’ increasing demands were a barrier in March to completing talks between UEFA and then-leaders of the European Club Association about new formats for competitions taking effect in 2024.
The Champions League will add four entries in a 36-team single standings table where each is guaranteed 10 games instead of six because influential clubs wanted more money and more games against each other.
During the negotiations, 12 ECA member clubs were also plotting the Super League, which was launched in April and collapsed within 48 hours.
Real Madrid, Barcelona and Juventus have refused to renounce the project while the other nine founding teams rejoined the 240-member ECA.
Still, the greater commercial control those rebel clubs fought for is likely to be granted by UEFA to the ECA, which is now led by Paris Saint-Germain president Nasser al-Khelaïfi.
Al-Khelaïfi told ECA members last month in Geneva there was agreement with UEFA for a joint venture “to better optimize revenues from club competitions.”
“This new model (would have) ultimate responsibility for the business and commercial side of the club competitions, resulting in new and better commercial rights strategies and management,” said Al-Khelaïfi, who also chairs Qatari broadcaster beIN Media Group, a Champions League rights holder.
Clubs have also expressed they want more creative digital content plans to help drive increases in Champions League prize money.
The 32 group-stage clubs will share 2 billion euros (USD 2.3 billion) in each of the three seasons to 2024.
The UEFA-ECA joint venture could end a 32-year run by Switzerland-based agency TEAM Marketing to handle exclusively all sales for European club competitions.
UEFA said sales are scheduled to start in the second quarter of next year. (AP)

spot_img
spot_img

Related articles

Byju’s vs investors: NCLT defers hearing to June 6

Shillong, April 23: The Bengaluru Bench of the National Company Law Tribunal (NCLT) on Tuesday deferred the hearing...

Randeep Hooda opens up on next directorial: Maybe I will now make an action film

Shillong, April 23: Randeep Hooda shared that he won't confine himself to one theme and will explore various...

RBI lists 6 factors powering India’s take-off to become world’s 3rd largest economy

Shillong, April 23: While India’s recent growth performance has surprised many, triggering a flurry of upgrades from financial...

Nifty Smallcap index registers fresh all-time high

Shillong, April 23: Nifty rose for the third consecutive session on Tuesday to close at 22368, with a...