Caixin
Jun 24, 2022 03:56 AM
BUSINESS

Spain’s La Liga Terminates Broadcasting Deal With Chinese Partner

What’s new: Spanish professional football organization La Liga terminated a media broadcasting deal with Chinese sports marketing company Super Sports Media due to missed payments, the league said Wednesday.

Super Sports, a wholly owned subsidiary of Wuhan DDMC Culture Co., failed to pay a broadcasting rights fee of 45 million euros ($47 million) for the 2021–22 season that was due Jan. 20. La Liga said it decided to terminate the agreement according to the contract and seek 105 million euros in compensation.

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