$11m debt: StarTimes risks winding-up court order

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A sports and entertainment network, beIN Media Group, has filed a petition in a Hong Kong court seeking a winding-up order against StarTimes, a Chinese electronics and media company, over an alleged $

11m debt for broadcasting rights to the French football Ligue 1.

According to sports market intelligence platform, GlobalData, that StarTimes, in 2018, 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.

It also has a seven-year $7.7m deal with the Kenyan Football Federation, the Confederation of African Football for the African Nations Championship, Extreme E motor racing series and the USA’s Impact Wrestling.A source familiar with the legal proceedings was quoted to have said, “It should be of huge concern to the industry that an entity facing winding-up proceedings is, in the same breath, parading around the world signing deals with much fanfare.

However, a source in StarTimes Nigeria, who spoke on condition of anonymity, described the report as a smear campaign by “the other party,” saying it was simply a dispute between two partners. When contacted, the Public Relations Manager, StarTimes Nigeria, Lazarus Ibeabuchi, declined to comment on the court order, saying to do so would amount to contempt of court.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

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