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Fixed-Match Scandal Changed Broadcast Rights Conditions

Things have changed in the market of broadcast rights of Greek football league, after allegations of fixed games that caused the slander of the most popular sport in the country. 

Forthnet-Nova group sent a letter to the Greek topflight authority Superleague, asking for a reduction of 25% of annual consideration for 2010-2011 and coming seasons. This development is indicative of the product’s downgrade. 

The renewal of the agreement until 2014 would mean the total payment of €178m for the broadcast of football games of 12 out of 14 teams, but it no longer corresponds to the reality set by the scandal of the fixed games. 

That is why Forthnet stressed that the strong dispute of the Greek championship has caused irreparable harm to the interests of the group, as public opinion is turned against the football league, which is one of Forthnet’s main television products. 

It is certain that this development won’t be welcomed by the football clubs as broadcast rights consist their main income. 

Forthnet’s decision is expected to change the conditions in the negotiations with Olympiakos and Xanthi football clubs, as their contract with national broadcast NET has expired. 

OTE aims to agree terms with Olympiakos in order to enroll in the Conn X TV program and in the new satellite broadcast that plans to launch next season. However, the clubs may ask for €11.5, an amount that neither OTE nor Forthnet are willing to pay.
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