new York- How will the commercial and audiovisual rights of the UEFA Champions League be sold? After encountering obstacles at the last minute, the approval of the UEFA Champions League format change will have to wait until next month.
UEFA intends to use the executive committee meeting on Wednesday to approve the increase in the number of group matches from 32 to 36. Starting in 2024, the game will have 10 dates instead of 6 dates.
After years of disputes, European clubs and leagues have accepted a new format. According to a person familiar with the Associated Press told the Associated Press on Tuesday, UEFA has not yet reached an agreement with the European Club Association (ECA) on the details of establishing a joint venture to sell the rights to the UEFA Champions League.
In the change, the club will have a say in the commercial and television resale rights of the game, with UEFA responsible for sports and administrative affairs, added the person who asked to remain anonymous to discuss confidential negotiations.
UEFA’s efforts are on par with the efforts of long-established clubs such as Real Madrid, Barcelona and Manchester United, which proposed the creation of a separate closed tournament to be controlled by them.
The UEFA Champions League hopes to obtain a minimum income guarantee to cover its financial situation and absorb 6.5% of the revenue generated by the joint venture to replace the Swiss agent TEAM Marketing, which has the exclusive sales rights of the UEFA. 1992.
The tournament currently allocates nearly 2 billion euros (US$2.4 billion) to 32 clubs each season, divided into 8 groups of 4 each. The new format will add 100 games and merge four teams to allow 36 clubs to participate. According to the “Swiss model” used in chess games, all clubs will compete.
This will ensure that 10 of the 36 teams can play against 10 different opponents and achieve a balanced schedule with consideration of qualifications for the qualifiers.
Taking into account the historical results, after failing to get 24 permanent seats in the Champions League, ECA intends to reserve two of the new seats to clubs with a higher UEFA ranking or a higher “coefficient”.
The current format currently includes six group matches against three opponents. The top eight will enter the knockout stage, the second will enter the knockout stage and enter the knockout stage to complete the draw. The game will also have a game, the game will be held on Thursday, and before that date was reserved for the Europa League.
UEFA confirmed at its executive committee meeting on Wednesday that the future of its club games from 2024 will remain on the agenda.
The governing body said in a statement: “However, any formal decision in this regard can only be made at the next meeting of the UEFA Executive Committee on April 19, in order to finalize the ongoing talks.”
European Union President Lars Christ Olsen said last week that he received “guarantees that the club will not control UEFA club games” after meeting with the leaders of the governing body.
Olsen said: “This is a UEFA club game, they will always have the last word. They will not transfer decision-making power to another entity.”