Telefonica Acquires Soccer TV Rights in Spain For $1.1 Billion, Lower Than Last Cycle
July 02 2020 - 08:50AM
Dow Jones News
By Jessica Sier
Telefonica SA said Thursday that it has signed a 975 million
euro ($1.1 billion) agreement to acquire exclusive Spanish media
rights for four football competitions over the next three
seasons.
The Spanish telecommunications company said it will have rights
to the UEFA Champions League, UEFA Europa League, the UEFA Europa
Conference League and UEFA Youth League.
The deal represents EUR325 million for the seasons 2021/22,
2022/23 and 2023/2024, below the license fees paid for the current
cycle and without any year-to-year increase, Telefonica said.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
July 02, 2020 08:35 ET (12:35 GMT)
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