French football is going through a delicate period, marked by a financial crisis which spares no club. In particular, the new TV rights agreement is at issue, the economic repercussions of which are being cruelly felt. FC Nantes is among the most affected teams. Faced with this situation, its owner, Waldemar Kita, was forced to put his hand in his pocket to keep the ship afloat. Without this financial contribution, the club could well find itself on the brink of collapse, threatened by filing for bankruptcy.
Vincent Labrune had set the bar very high for French football TV rights, dreaming on several occasions of reaching the sum of one billion euros. However, the reality turned out to be very different. DAZNthe new main broadcaster of the Ligue 1, won the battle, but the final amount of the agreement amounts to only €400M, far from the initial ambitions of the president of the LFP. A setback which shows the gap between hopes and concrete results on the television rights market and which could cost clubs dearly. On the front line, the FC Nanteswhich, without the financial contribution of Waldemar Kita, risks filing for bankruptcy at the end of the season.
FC Nantes in great danger?
Iconic club of Ligue 1, the FC Nantes is therefore threatened for its future. The TV rights crisis requires Waldemar Kita to put your hand in your pocket, otherwise the Canaries could flow like the Girondins de Bordeaux before them. The Nantes president makes no secret of it: the situation is complicated.
“Between €35 and €40 million to be put back over the season, otherwise we file for bankruptcy”
« The TV rights episode did a lot of harm to French football. We are talking about a huge shortfall of €500-600 million. We must be aware of the problems this will cause. How much does this represent for FC Nantes? Between €35 and €40 million to be put back over the season, otherwise we file for bankruptcy. I have already reinvested €10 million over the last two months. The problem is that we presented all the clubs with a fait accompli “, declared Waldemar Kita in the columns of The team. Often criticized, We at least has the merit of being transparent on this sensitive subject.
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