HomeNews

FFT petitions for the winding up of MP & Silva in UK’s High Court

A petition by the French tennis federation for the winding up of the MP & Silva agency will be heard at 10.30am on Wednesday, October 10, in the UK’s High Court in London. The hearing could spell the end of the troubled agency.

The Fédération Française de Tennis is one of many rights-holders owed money by the agency, which began defaulting on payments in June, as reported exclusively by TV Sports Markets. MP & Silva is majority-owned by Chinese companies Everbright and Baofeng.

In 2011, MP & Silva agreed a five-year deal, from 2012 to 2016, with the FFT to distribute media rights to its flagship French Open grand slam across Europe, excluding France.

The deal was later extended by a year, until 2017. The two parties in 2013 extended the agreement for a further four years, from 2018 until 2021.

The FFT lodged the petition on August 24 after the agency had missed scheduled rights-fee payments. The case will be heard under the UK’s Insolvency Act of 1986.

Details of the hearing were published in The Gazette, the UK’s official public record of company information, on September 26.

Most recent

Uefa will go to market later this year with the rights to the Champions League and Europa League under pressure from Europe’s top clubs to at least maintain the kind of growth it enjoyed in the current cycle. But there are reasons why that will be a massive challenge.

Internet giant Amazon will pay more than public-service broadcaster France Télévisions for a substantially smaller package of rights to the French Open’s 2021-23 cycle.

Chinese social media giant Tencent saw off competition from rival streaming player Youku Tudou to retain the NBA’s digital rights in the country for the 2020-25 cycle at a record-breaking fee, underscoring the strong growth in China’s streaming market in recent years.

The German Bundesliga’s international sales and marketing arm, Bundesliga International, is set for a busy 12 months of media-rights sales as the league approaches the conclusion of deals across the Americas, Asia, Middle East and North Africa.