Debt crisis threatens Argentine football
Fresh spray paint and graffiti welcomed the head of the Argentine Football Association (AFA) to work yesterday as fans vented their anger at the proposed suspension of the forthcoming season.
A fight over television rights by Argentina’s heavily indebted clubs has thrown the season’s opening games on August 14 into doubt.
“No games at any level will start,” Chequis Bialo, the AFA spokesperson, announced after the latest talks with television representatives collapsed.
Tension between Argentina’s top clubs and cable television providers has been brewing for weeks as the country’s top league teams try to extricate themselves from debts estimated at $300m (€208m, £177m).
In search of a solution, the AFA is furiously lobbying to squeeze more money from television rights. Julio Grondona, AFA president, is pushing for $720m per season, almost three times the current rate.
“The money that television gives us doesn’t suffice. Football doesn’t de-serve this amount. One and for all, we want figures that football deserves,” said Mr Grondona.
Under the current deal, Argentina’s top-flight football is accessible on a pay-for-view basis. The AFA, which has long complained that television rights are undervalued, is pushing to move games to open-view and have cable television rates increase accordingly.
“With an extra 12 pesos ($3.14, €2.18, £1.85) per monthly subscription, everything would be resolved,” says Mr Grondona.
But any increase is hugely unpopular with Argentina’s football-mad viewing public, who claim they already pay more than the international average to watch their favourite teams.
Nor is the television industry willing to bend. Scrapping pay-for-view would constitute an “arbitrary” move, a statement by the industry-led Pampeana Association of Cable TV maintains.
As an alternative, the television companies are offering a $40m upfront payment to assist clubs in meeting their immediate debts. The AFA rejected the proposal as a “plaster” over the real problem.
Information Source: FT.com
Tras la reunión de ayer de Comité Ejecutivo todo parece seguir igual que hace una semana atrás.