Last Updated: November 21, 2023, 01:00 IST
MILAN: Serie A kicked off the sale of its worldwide broadcasting licenses, approving offers in eight small European markets, together with Portugal, Hungary and the Netherlands, Italy’s prime flight soccer league mentioned in an announcement on Monday.
The Italian league had launched in June a course of to promote its worldwide broadcasting rights for the upcoming seasons.
No monetary particulars of the authorised contracts have been disclosed however two sources conversant in the matter mentioned the offers are price some 20 million euros yearly, accounting for a complete of about 100 million euros ($109.07 million) within the span of 5 seasons.
The Italian league mentioned within the assertion it will proceed the method to cowl different territories in Europe and elsewhere.
Serie A secured some 700 million euros from the sale of abroad TV rights within the 2021-2024 interval, a ninth of the sum earned overseas by England’s Premier League, the world’s most profitable home soccer competitors.
Last month, the Italian league accomplished the sale of its home licenses for the upcoming seasons, securing a 4.5 billion euros five-year cope with video streaming service DAZN and Sky Italia.
($1 = 0.9168 euros)
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – Reuters)
