MLS rejects $4 billion media rights deal requiring promotion/relegation

Comments
International media rights company MP & Silva offered Major League Soccer a massive deal that was swiftly rejected

Major League Soccer has rejected a $4 billion global media rights deal which was contingent upon the league adding promotion and relegation, according to a report in the Sports Business Journal. 

International media company MP & Silva offered the league the chance to quadruple its current annual media right haul, but MLS rejected the offer. 

Get Milan at 6/1 to win Serie A

The offer was a 10-year deal starting in 2023, after the expiration of the league's current deal with ESPN, Fox, and Univision.

In a statement provided to ESPN, league spokesman Dan Courtemanche explained that MLS contractually was not even allowed to negotiate with MP & Silva before discussing a renewal with its current media partners. 

"As was stated to Mr. Silva both in person and in a subsequent letter, Major League Soccer is prohibited contractually from engaging in discussions about our media rights with other distributors," Courtemanche said. 

"We are not in a position, nor are we interested, in engaging with Mr. Silva on his proposal." 

MP & Silva was founded by Riccardo Silva, who owns Miami FC of the second-tier NASL – a club that stands to potentially gain if promotion and relegation are introduced in North America.

Next article:
Panama's teenage goalkeeper becomes breakout star at Concacaf tournament, but next step isn't clear
Next article:
FIFA 19 Premier League bargains: Best Ultimate Team cheap buys under 5,000 coins
Next article:
How 'Ahmad to the world' - Football reacts to Madagascar Afcon qualification
Next article:
USMNT heads into Peru friendly with eye on keeping the ball
Next article:
Seychelles 0-0 South Africa: Bafana Bafana squander Afcon qualification chances
Close