Monday, December 6

Tag: French football league

Startimes Risks Winding-Up Court Order Over $11m Football Rights Debt
Business

Startimes Risks Winding-Up Court Order Over $11m Football Rights Debt

StarTimes, a Chinese electronics and media company with businesses in sub-Saharan Africa, is at risk of getting a winding-up court order, GlobalData is reporting. The sports market intelligence platform reports that StarTimes has not paid BeIN Media Group for broadcasting rights to Ligue 1, the French football league. In 2018, StarTimes signed a deal with BeIN Media Group which holds international Ligue 1 rights from 2018-19 to 2023-24 to broadcast English- and local-language Ligue 1 in sub-Saharan Africa. The pay-TV operator is reported to now owes BeIN $11 million, including interest. A monthly payment plan was agreed upon between both parties after the matter was taken to court in Hong Kong before the start of the 2019-20 season, but StarTimes missed the first instalment...

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