Such- How the UEFA Champions League will sell the commercial and audiovisual rights of the top clubs in Europe, after encountering obstacles at the last minute, the approval of the format change of the UEFA Champions League will have to wait until next month. The executive committee approved the expansion of the group stage from 32 to 36 on Wednesday. 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. A person familiar with the situation told the Associated Press on Tuesday that UEFA has not yet reached an agreement with the European Club Association on the details of establishing a joint venture to sell 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.
The UEFA Champions League provides a minimum income guarantee to protect its financial situation and absorb 6.5% of the revenue generated by the joint venture to replace the Swiss agent TEAM Marketing, which has exclusive sales rights for the UEFA Champions League. Since 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 involve 36 clubs in an all-to-all match based on the “Swiss model” used in chess tournaments.
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.
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, only at the next UEFA Executive Committee meeting on April 19 can any formal decision be made to finalize the ongoing negotiations.”
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 give the decision-making power to another entity.”