US television networks Fox and Turner officially submitted to the Government of Argentina a joint bid of AR$ 2 billion (USD 129 million) for the rights to broadcast Argentina’s soccer league from 2017.
The General Secretary for the Presidency, Fernando de Andreis, and the coordinator of “Fútbol para todos” (Football for All) program, Fernando Marín, welcomed Turner’s Executive Vice President of Distribution and Marketing, Whit Richardson; the VP of Legal Affairs, Víctor Roldán; the General Manager of Fox, Sergio Veiga, and SVP & General Counsel of Fox, Eugenia Ricardes.
According to Clarín newspaper, the proposal of the networks still did not convince the soccer clubs, who want a minimum offer of AR$ 2.5 billion (USD 161 million), so they will continue negotiating. The leaders believe that the decision to keep the transmissions free during 2017 lowers the price of the product.
Fox and Turner offered AR $ 2 billion (USD 129 million) per season for 15 years, with the possibility of terminating the contract every five years and with a 10% to 12% increase between 2017 and 2020, with an adjustment of the national basic tariff from 2021.