- Deal with digital broadcaster PPTV had two years to run
- Action taken over unpaid money owed under the contract
The Premier League has terminated its lucrative TV rights contract in China two years early, creating an immediate, major financial hole as football struggles to retain its revenues through the Covid-19 pandemic.
The ending of the deal with the digital broadcaster PPTV, a division of the Chinese conglomerate Suning Holdings, for unpaid money owed under the contract, follows a report in the Mail last month that the company had withheld a £160m instalment that was due in March. PP Sports committed in November 2016 to pay £564m for the live rights from 2019-22, to be shown in a mix of free-to-air and subscription packages, at the time the richest overseas TV deal the Premier League had signed.
Continue reading…Deal with digital broadcaster PPTV had two years to runAction taken over unpaid money owed under the contractThe Premier League has terminated its lucrative TV rights contract in China two years early, creating an immediate, major financial hole as football struggles to retain its revenues through the Covid-19 pandemic.The ending of the deal with the digital broadcaster PPTV, a division of the Chinese conglomerate Suning Holdings, for unpaid money owed under the contract, follows a report in the Mail last month that the company had withheld a £160m instalment that was due in March. PP Sports committed in November 2016 to pay £564m for the live rights from 2019-22, to be shown in a mix of free-to-air and subscription packages, at the time the richest overseas TV deal the Premier League had signed. Continue reading…
