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Government Bailout for Argentine Season

  • AP, Wednesday, August 12, 2009 1:15 PM
The Argentine league season, whose Aug. 14 start date was postponed because of severe financial problems facing the country's top clubs, could kick off Aug. 21 amid a proposed government takeover of television rights to the games.

The government has proposed paying the clubs $154 million for rights to televise the season, which would force the league to break the contract of private media networks five years early. The government is offering to more than double the current package for TV rights. The cash would erase most of debts of the top 20 clubs in Argentina's first division. They owe a combined $182 million to the AFA, the government tax agency and the players.

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