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Turner-Fox alliance to buy Argentinean football rights

Discussion in 'Daily Satellite TV News' started by Herocccam, Nov 22, 2016.

  1. Herocccam

    Herocccam Administrator Staff Member Administrator

    Aug 24, 2016
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    Turner and Fox are to present a formal offer to acquire Argentinean football TV rights for a year, starting January 2017.

    boca juniors argentinaThe joint venture to manage the sports broadcasting rights has been the only private initiative so far to show serious interest in the rights for which the companies will pay around $160 million, less than initially requested by the country’s football association, but $40 million more than the Government was willing to pay in order to keep airing the national competition on free-to-air (FTA) TV.

    The formal offer will be presented today, although it has already been communicated to the authorities, Armando Pérez, president of the regulatory committee of the Asociación de Fútbol Argentino (AFA) revealed, speaking to national news agency Telam.

    “The agreement will be inked between both companies and the AFA, which is to handle the rights for the next 15 years, although the rights’ cost will be increased annually,” said Pérez, even though the terms of the contract have not yet been officially confirmed.

    Since the new Argentinean Government was elected at the end of 2015, privatisation and a reduction of public investment have marked the public agenda. In August, Macri’s administration made official the intention of privatising the Fútbol Para Todos programme, through which the AFA was getting public money to keep the national competitions airing via FTA networks.

    Turner Broadcasting, which manages content and several free-to-air and pay-TV signals in the country, showed interest in acquiring the rights from the start.

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