TEAM gets Champions League right from UEFA - for now
First Published: Jun 27, 2001UEFA are to use TEAM to market its successful Champions League after the collapse last month of ISL.
Swiss media company Highlight Communications AG owns 80 % of TEAM Holding AG and made this press release today:
"In common with all other agreements with the commercial partners of the UEFA Champions League, the Agency Agreement with TEAM will now terminate on 30th June 2003."
TEAM would then bid to retain its marketing rights in a move sure to please the G-14 group of powerful European clubs who have been lobbying for such a move.
The G-14 will be looking for a massive cash pay out for the Champions League rights in 2004 with major world media companies ready to rival TEAM even if their next three years are successful.
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