👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

Italy's Serie A re-launches football rights tender after Mediaset makes no bid

Published 10/06/2017, 18:02
Updated 10/06/2017, 18:10
Italy's Serie A re-launches football rights tender after Mediaset makes no bid

ROME (Reuters) - Italy's Serie A football league said on Saturday it was launching a new tender for television rights to transmit matches for the seasons from 2018-2021 after private broadcaster Mediaset made no bid in the original tender.

"We don't believe the offers received represent the real value of Italian football," the League's president Carlo Tavecchio told reporters after a meeting of club representatives in Milan.

"As a result, the assembly has unanimously voted to not assign the rights to any of the participants," he said in remarks to Italian news agencies that were confirmed to Reuters by a League spokesman.

Earlier on Saturday, the deadline for bids in the original tender, Mediaset said it had presented no offer for the first time ever, leaving Sky as the only major participant.

Earlier this month Mediaset lodged a complaint with Italy's antitrust watchdog and communications regulator to try to change the conditions for the tender, which it said penalised it unfairly.

"We reiterate that the terms for presenting offers are totally unacceptable," it said in a statement on Saturday.

Tavecchio said the new tender would close in November or December of this year.

Mediaset stressed that its decision not to bid for the three seasons from 2018-19 would have no impact on the upcoming 2017-2018 season, for which it has already bought the rights to transmit Serie A and UEFA Champions League matches.

($1 = 0.8935 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.