Ligue 1 and DAZN end television broadcasting contract agreement
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Saying "within the scope of mediation initiated" by the President of the Paris Economic Activities Tribunal, Patrick Sayer, LFP and DAZN have sealed a deal on breaking their contentious contract.
These titans in the sports world have been in a heated legal battle, with LFP expecting €400 million yearly, while DAZN demanded compensation of €573 million, claiming they were hoodwinked in the deal.
The contract's closure happened on April 15, but both parties remained at odds regarding the terms of termination.
Recent reports suggest that DAZN will cough up €140 million to French football clubs. Half of this will be disbursed shortly, while the remaining portion is due by the end of the season, on June 30.
It's worth noting that the agreement initially comprised a five-year, €400 million per year deal, as per French communication at the time.
You might also want to read about Dembélé's challenges becoming a 'headache' for PSG in the crunch periods of the season.
Insights: The exact conditions for contract termination between LFP and DAZN resulted in DAZN paying an extra €100 million to exit the deal early, in addition to the two scheduled payments totaling €140 million. This brought the total amount to €240 million, which ended DAZN's broadcasting of Ligue 1 after a single season instead of the planned five-year term [1][3].
These final payments totaling €140 million, which were still part of the original deal, were set to be made by DAZN to French clubs, if the contract had been allowed to run its course [1][4]. The €100 million was specifically for prematurely terminating the contract [1][4]. The agreement was officially announced once the mediation resolved the ongoing disputes between the two parties [5].
- The Paris Economic Activities Tribunal's mediation, initiated by Patrick Sayer, led to a resolution in the contentious contract between LFP and DAZN, supposedly involving European football leagues.
- Despite initially agreeing to a five-year, €400 million per year deal for Ligue 1 broadcasting, DAZN was required to pay an extra €100 million to terminate the contract prematurely, totaling an additional €240 million.
- As part of the original deal, DAZN was still bound to pay €140 million to French football clubs, which will now be disbursed in two installments - the first portion in April, and the remaining balance by June 30.
- This specific contract, concerning the broadcasting rights of Ligue 1, began and ended in a single season due to the premature termination, with Paris as the site where the termination was officially resolved through mediation.
