Discover the SportAccord Summit sessions!
31 Jan 2024 23:49
A spokesman from the Chinese Super League (CSL) confirmed that Ti’ao Power, a newly established media company backed by China Media Capital (CMC), has successfully made the first payment of RMB 400 million on December 30, 2015.
Back in September, the Chinese media company won the bidding for the production and broadcasting rights of the Chinese Super League from 2016 to 2020 for a fee of RMB8 billion (US$125.52 million).
Under the deal, the 8 billlion yuan rights fee will be paid off over five years. The first two installments, totalling 1 billion yuan, should be made in 2016. The deadline for the first of these (RMB400 million) is January 1, 2016. The spokesman also said that the remaining 600 million yuan for the first year will be paid in the second half of 2016.
For the rest of the payments, 1 billion yuan will be paid in 2017, 1.5 billion in 2018, 2 billion in 2019 and 2.5 billion in 2020.
Source: NetEase
Proofread by John Devlin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Suning plans RMB100mn CSL opening ceremony
03 Mar 2016
Lander Winter Sports to distribute media rights for Curling Championships Tour
16 Jan 2017
Hao Haidong embraces soccer video game industry
18 Sep 2017
IRENA and 10 CSL teams to launch Sports Fans Festival
01 Mar 2016
Tianjin Teda FC appoints new club manager
24 Nov 2015
More from Yutang Sports
SportAccord scores Summit touchdown with NFL
18 Jan 2024
Leading sports charity, Podium Analytics, announces Trusted Research Environment for Global Sport
11 Apr 2024
Birmingham is embracing a bright future supported by extraordinary sporting legacy
17 Apr 2024
Gender equality will be reflected at OBS's coverage of the Paris 2024 Olympic Games
16 Apr 2024
WFDF is ready to fly in Chengdu for the World Games 2025
17 Apr 2024
Yutang Sports
loading...