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Ligue 1's Rights Tender Turns Its Streamer Into A Reserve Price

The LFP's five-season, single-lot Ligue 1 tender lets bidders buy every match or distribute Ligue 1+, turning the league's own streamer into a walk-away option.

Ligue 1's single-lot tender tests a league-owned streamer against the open market.
Ligue 1's single-lot tender tests a league-owned streamer against the open market.

French football reopened its biggest commercial door today. The LFP's domestic rights tender runs from 3 November to 7 December and offers a single lot: all 306 Ligue 1 matches, nine per round, exclusively, for five seasons from 2027-28 to 2031-32, according to Le Monde and L'Équipe. The process arrives two years early, enabled by legislation adopted in August that allows the league to sell the whole competition as one package.

The unusual part is the alternative on the table. Bidders can buy exclusive broadcast rights outright, or become the exclusive distributor of Ligue 1+, the league-owned streaming service launched in the summer of 2025 after DAZN withdrew from its contract. Ligue 1+ ended last season with just under 1.1 million subscribers and is targeting 1.3 million by next summer.

That service changes the league's negotiating position. L'Équipe reports that a secret reserve price has been lodged with a bailiff, and that if no offer clears it, Ligue 1+ simply keeps broadcasting. The league is no longer selling from distress, as it was when the previous cycle collapsed. LFP president Vincent Labrune described a "new context" and said: "For several months, there have been a certain number of registered concrete interests from different actors." LFP Media chief executive Olivier Bramly has met Canal+, RMC Sport, Amazon Prime Video and Netflix, according to Football Business News, although none has declared a bid.

The gap the tender must close is still wide. Industry analysis cited by Gaming and Co estimates Ligue 1+ would need five to six million subscribers to reach the 500 to 600 million euros a year clubs want, after taxes, production costs and the share owed to CVC, which bought 13% of LFP Media for 1.5 billion euros in 2022.

For investors and operators, the lesson extends well beyond France. A league-owned platform works best as a floor that disciplines bidders, not as a full replacement for a rights fee. It gives a property audience data, pricing evidence and a credible walk-away option, while a distribution route lets a partner carry consumer risk without owning the product. Leagues and clubs across Asia considering direct-to-consumer services should treat the French test as a template for bargaining power rather than a pure revenue play.

At LIT Sports Global, we see the value in leagues keeping a direct line to fans while still inviting partners who can grow the audience further. That is The Greatest Good in sports media: access that serves supporters first and sustains the game over the long term.

#LITSportsGlobal #TheGreatestGood #Ligue1 #MediaRights #Streaming

中文版

法甲轉播權招標:自家串流平台成為競投底價

法國足球今日重新打開其最重要的商業大門。根據《世界報》及《隊報》報道,法國職業足球聯賽(LFP)的本土轉播權招標由11月3日至12月7日進行,只設一個包裹:涵蓋全部306場法甲賽事、每輪九場、獨家轉播,為期五季,由2027-28年度至2031-32年度。今年8月通過的新法例容許聯賽將整個賽事打包出售,令招標得以提前兩年展開。

不尋常之處在於另一個選項。競投者可直接買下獨家轉播權,或成為Ligue 1+的獨家分銷商。Ligue 1+是聯賽自營的串流平台,在DAZN退出合約後於2025年夏季推出,上季結束時擁有略少於110萬名訂戶,目標是明年夏季前增至130萬。

這個平台改變了聯賽的議價地位。《隊報》指出,聯賽已將一個保密底價交由執達吏保管,若沒有出價高於底價,Ligue 1+便會繼續轉播。聯賽不再像上一個周期崩潰時那樣被迫賤賣。LFP主席Vincent Labrune形容這是「全新的形勢」,並表示:「數月以來,已有多個不同機構登記了具體興趣。」據Football Business News報道,LFP Media行政總裁Olivier Bramly曾與Canal+、RMC Sport、Amazon Prime Video及Netflix會面,但目前未有任何一方宣布競投。

招標需要填補的缺口仍然巨大。Gaming and Co引述的業界分析估計,扣除稅項、製作成本,以及2022年以15億歐元購入LFP Media 13%股權的CVC應得份額後,Ligue 1+需要五百萬至六百萬名訂戶,才能達到球會期望的每年5億至6億歐元。

對投資者及營運者而言,這個啟示遠超法國。聯賽自營平台最有效的角色,是作為約束競投者的底線,而非完全取代轉播權收入。它為賽事帶來觀眾數據、定價依據及可信的退場選項;分銷模式則讓合作夥伴承擔消費者端風險,而無須擁有產品本身。亞洲各地考慮推出直接面向消費者服務的聯賽及球會,應把法國這次測試視為提升議價能力的範本,而非單純的收入來源。

LIT Sports Global認為,聯賽保持與球迷的直接聯繫,同時邀請能進一步擴大觀眾群的夥伴,具有重要價值。這正是體育媒體中的「至善」(The Greatest Good):以支持者為先的觀賽渠道,令運動得以長遠持續。

#LITSportsGlobal #TheGreatestGood #Ligue1 #MediaRights #Streaming

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