Announcement made by Pedro Proenca, President of the Association
“The centralization model for audiovisual rights was discussed, setting the hoped-for date 2023/24 so that it could happen,” said Pedro Proenca, president of the association, on Monday, explaining the intention of professional clubs to anticipate it. 2023/24 centralization of television rights for the Portuguese League.
“Last year’s decree-law stipulated that 2028 would be the date on which centralization should start and 2025 the date that the business model would be presented. Clubs wanted to do this before and it would be ambitious to do so in the 2023/24 season,” Proenca stated at the end of the Presidents’ Summit .
“The status of the last five months of work, where we spoke with the operators, with a group of very important stakeholders in the process, has opened the floor for discussion on this model. All of them have shown a great willingness to sit in at the table, discuss, talk. Obviously. No one wants to lose in the process. This will always be a merger and that is where things will go,” he added.
Pedro Proenca also spoke about another point discussed at Tuesday’s meeting in Porto. “Possibility of a centralized financing model in which, as of June of this year, clubs can have access to a credit limit of up to one hundred million euros.”
“This funding program appears in the same paradigm that happened in the Spanish League. It is basically a potential and future revenue that the league can, in its own way, centralize and make available to the clubs, in three programmes. In international competitions. And also a large part comes from sports betting and that the league is the beneficiary From this money. Since the league is in a position to guarantee this process to financial entities, the model becomes much easier, and therefore, is made available and this central financing model is clear.”
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