holidaysong
01/05/2009, 2:20 PM
Italy's top football division Serie A is poised to split from Serie B to form a new league Lega Calcio Serie A.
The two divisions have been unable to reach an agreement over finance and Serie A is set to copy the formation of England's Premier League.
The Premier League increased its share of television revenue after breaking away from the other divisions in 1992.
"Nineteen Serie A clubs today decided to create the 'Lega Calcio Serie A'," said a statement by the new league.
"The decision was made because of the impossibility of reaching an understanding with the Serie B clubs" the statement added.
Italian top-flight clubs are determined to close the gap on Premier League sides, who have increasingly dominated European competition.
Story from BBC SPORT:
http://news.bbc.co.uk/go/pr/fr/-/sport2/hi/football/europe/8027857.stm
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Not sure exactly when the financial implications of this yet. The BBC article doesn't give very much details.
The two divisions have been unable to reach an agreement over finance and Serie A is set to copy the formation of England's Premier League.
The Premier League increased its share of television revenue after breaking away from the other divisions in 1992.
"Nineteen Serie A clubs today decided to create the 'Lega Calcio Serie A'," said a statement by the new league.
"The decision was made because of the impossibility of reaching an understanding with the Serie B clubs" the statement added.
Italian top-flight clubs are determined to close the gap on Premier League sides, who have increasingly dominated European competition.
Story from BBC SPORT:
http://news.bbc.co.uk/go/pr/fr/-/sport2/hi/football/europe/8027857.stm
----------------------------------------------------------------------
Not sure exactly when the financial implications of this yet. The BBC article doesn't give very much details.