Wednesday, January 26, 2022

Chinese broadcaster ordered to pay EPL $213M on TV rights. Nation World News

LONDON ( Associated Press) – A Chinese broadcaster has been ordered by the High Court in London to pay at least $213 million to the English Premier League over the collapse of one of the competition’s most lucrative international rights agreements.

The league terminated the deal last year after PPTV failed to pay two installments of the rights fee, schedule changes due to a 100-day pandemic-enforced stoppage in fixtures in 2020 and the resumption of sports at stadiums. citing lack of fans. in June.

Looking at the season that has finally ended, the judge dismissed arguments made by the streaming service, which is owned by Chinese retail giant Suning, which also controls Italian champions Inter Milan.

In a ruling published Tuesday, Judge Peter Fraser said, “In many commercial contracts events may occur other than one, or even both, anticipated by the contracting parties.” “This does not mean that the court will rewrite the deal of the parties and impose different terms on them in accordance with subsequent events. This is not an act of the law of contract.”

The judge ruled that the league payment of $210.3 million and $2.673 million should be made by the broadcaster’s parent company PPlive Sports International, along with interests and legal costs.

The judge said in its ruling that the broadcaster “failed to pay a substantial amount of legal fees owed” by its lawyers last year.

Inter Milan are due to play in England in March when it is hosted by Liverpool in the Champions League round of 16.

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More Associated Press Soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_Sports

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Nation World News Deskhttps://nationworldnews.com
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