Posted on June 21, 2011

France's football league said on Monday that Qatar-based broadcaster Al Jazeera has made an offer for the domestic TV rights for top-flight games from 2012 to 2016. The channel will be competing with the current rights holder, Canal Plus, and France Telecom's Orange unit. The move comes just weeks after Qatari investors bought a 70 percent stake in French Ligue 1 football club Paris St Germain.

Colony Capital, the former owners of the club, said it would retain a 30 percent stake. The league said in a statement its management committee would meet on Thursday to examine the content and value of the submitted proposals. The league is hoping to gather enough interest to at least match the $950.4 million per year it received under the current contract, which expires next year.

The broadcast rights are a key source of income for France's financially strained soccer clubs, suffering from a drop in match ticket sales and a depressed transfer market. Al-Jazeera beat Canal Plus last month to the international rights for the top-flight Ligue 1.

source: Arabian Business