LeSports Beijing’s business licence revoked by Trade and Industry Bureau

LeSports Beijing’s business licence has been revoked since May 20, and according to reports, the next step in Chinese law is liquidation.

Data on industry and commerce databases show the company was established on March 20, 2014 with a registered capital of $70m, and legally represented by founder and chief executive Lei Zhenjian.

At its peak, LeSports claimed to house the largest amount of sports content in China, with exclusive rights to the Chinese Super League, Wimbledon, and Formula One. It also ran OTT services in Hongkong, with exclusive rights to the English Premier League, NBA and the 2018 Fifa World Cup in Russia. Its Hong Kong arm was wound up in 2018 after it defaulted on payments for it’s Premier League rights.

It is unclear which media rights LeSports still holds that will be of value during the liquidation process, as their channel website reveals almost no sport content and most links are broken.

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