UK Soccer’s Premier League Tears Up Lucrative China Broadcast ContractDeadline
The Premier League, England’s top soccer division, has terminated a lucrative TV rights contract with Chinese broadcaster PPTV over unpaid money.
The initial deal, signed in 2016, was worth $750M (£564M) and covered three seasons between 2019 and 2022. At the time it was the richest overseas TV deal ever signed by the league.
Reports last month claimed that PPTV, which is a division of Suning Holdings, had failed to pay $212M (£160M) due in March.
“The Premier League confirms that it has today terminated its agreements for Premier League coverage in China with its licensee in that territory,” said the league in a statement.