France's soccer rights jump; Spain's Mediapro wins best lot
PARIS (Reuters) – Annual broadcasting rights for France’s major soccer championship will reach a record of more than 1.15 billion euros (1 billion pounds) over the 2020-2024 period, the head of the country’s professional soccer association said on Tuesday.
This represents a jump of 59.7 percent over the previous five-year period, Didier Quillot said.
Spanish broadcasting group Mediapro, majority-owned by Chinese private equity fund Orient Hontai, won the best lot out of the seven offered in the auction, Quillot said.
The group notably beat Vivendi’s pay-TV channel Canal Plus in the auction, which ended up empty handed. Altice’s French unit SFR, once considered as a leading contender, won no lots.
(Reporting by Mathieu Rosemain and Gwenaelle Barzic; editing by Michel Rose)