Ownership
Premier League terminate £490 million TV deal in China
The Premier League has terminated its TV rights deal with China, its biggest overseas contract, leaving a huge hole in clubs’ finances. The deal with Chinese broadcaster PPTV was worth around £490m and had lasted only one of its three years. The conflict is said to have been around a fee of £160m that the Premier League was owed in March but did not receive. “The Premier League confirms that it has today terminated its agreements for Premier League coverage in China with its licensee in that territory,” a spokesman said on Thursday. “The Premier League will not be commenting further on the matter at this stage.” It is not known if the conflict is based purely on money or involves the escalating political tensions between China and the UK government. Boris Johnson announced in July that Hua...
Abia gives EFCC seven days to issue apology for sealing state property
The Government of Abia State on Monday issued the Economic and Financial Crimes Commission (EFCC) a seven-day ultimatum to remove what it described as ‘offensive’ notices placed on some of its property, saying they are assets of the state government. The state Attorney-General and Commissioner for Justice, Chief Uche Ihediwa, who issued the ultimatum while speaking on the recent sealing of some property in the state by the EFCC, said some of the property purported to belong to a highly placed politician in the state are owned by the state. Ihediwa, according to a release by the Chief Press Secretary to the Governor of the state, Mr Onyebuchi Ememanka, demanded that the EFCC tender an unreserved apology to the state within seven days in view of the inconvenience its action has caused the st...
