France: court decision on Mediapro-LFP TV rights settlement will be issued on Tuesday 22/12/2020

The Nanterre (Greater Paris) commercial court has studied the settlement agreement signed (on 11/12/2020) between the LFP and Mediapro concerning the domestic broadcasting rights to Ligue 1 Uber Eats and Ligue 2 BKT, and will render its decision on the validity of this agreement on 22/12/2020, Agence France Presse reported on 17/12/2020.

Mediapro has also paid the first €64m installment provided for in the agreement signed on 11/12/2020 with the LFP, according to to the French sports media L'Équipe. This agreement provides for the LFP to recover the broadcasting rights to 80% of the matches of Ligue 1 Uber Eats and Ligue 2 BKT acquired by Mediapro on 28/05/2018. Mediapro will therefore pay a total of €243.6m for these rights (€143.6m paid in August 2020 + €64m upon validation of the settlement agreement + €36m before 30/06/2021), and the LFP has waived the right to all further legal proceedings for non-payment of the installments initially provided for in the contract. Mediapro, which did not pay the October and December 2020 deadlines (€143.6m and €127.1m), was supposed to pay…