Premier League Terminates TV Rights Contract In China
Posted: Fri Sep 4, 2020 1:04 am
The Premier League has terminated its TV rights contract in China two years early, which will create an immediate and major financial hole.
PPTV, a division of the Chinese conglomerate Suning Holdings, withheld a £160 million installment 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.