IMG deal doubles Serie A’s income from international rights

Serie A has made a switch and assigned its international TV rights predominantly to IMG for 371 million euro per season.

By: AP | Milan | Published:October 12, 2017 2:43 am
Serie A, Juventus, Serie A TV rights, Serie A broadcasting rights, football news, Indian Express Juventus are currently the six-time defending champions. (Source: Reuters)

Italy’s football league has made a switch and assigned its international TV rights predominantly to IMG for 371 million euros ($437 million) per season, nearly double the value of the previous deal.

The agreement covers the next three Serie A seasons through 2020-21.

The previous deal was for 190 million euros ($224 million) per season with MP and Silva.

The new figure places Serie A third in Europe for international rights after the English Premier League (1.3 billion euros; $1.5 billion) and the Spanish league (636 million euros; $750 million), and ahead of the German Bundesliga (240 million euros; $282 million).

IMG will pay 352 million euros ($415 million) for global rights and a betting package, Rai International will provide 4 million euros (nearly $5 million) for Italian language rights abroad, and the remaining funds will be covered by signal providers and league promotions.

“The awareness of the Italian league’s potential is growing,” said Luigi De Siervo, the CEO of Serie A advisor Infront. “The clubs have chosen a partner that convinced everyone, not just for the economic terms but above all for the development plan.”

While the 18 clubs present for the vote Tuesday selected IMG unanimously, Aurelio De Laurentiis left the room angrily beforehand, with the president of Serie A leader Napoli calling the offers “mortifying.”

Serie A still makes most of its money from domestic TV rights deals with Sky and Mediaset.

Video of the day

For all the latest Sports News, download Indian Express App

    Live Cricket Scores & Results
    Pro Kabaddi League 2017 - Points Table
    No.
    Team
    P
    W
    L
    D
    Pts

    Pro Kabaddi League 2017 - Schedule
    Oct 17, 201721:00 IST
    Shree Shiv Chhatrapati Sports Complex, Pune
    27
    Zone A - Match 128
    FT
    31
    Haryana Steelers beat Puneri Paltan (31-27)
    Oct 18, 201720:00 IST
    Shree Shiv Chhatrapati Sports Complex, Pune
    VS
    Zone B - Match 129
    Oct 18, 201721:00 IST
    Shree Shiv Chhatrapati Sports Complex, Pune
    VS
    Zone A - Match 130