Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
The CSL Company has refused China Sports Media (CSM)’s suggestion of a contract amendment in their broadcast media rights re-negotiation, revealed Chinese sports commentator Xiao Liangzhi.
As Xiao said on social media, CSM had recommended that its current duration for the CSL media rights, which is 5 years with a fee of RMB 8billion, be extended to 10 years. They hoped this suggestion would compensate for its economic loss caused by the new policies launched by the Chinese Football Association (CFA).
The reason why the CSL Company rejected CSM is that the two sides have a different view about the Force Majeure Clause. The CSL Company argues that the launch of new policies should be seen as Force Majeure, so the two parties need to fulfill the current terms of the contract.
According to earlier media reports, CSM had delayed the second-phase payment due on July 1 and claimed a fee reduction of the CSL media rights.
Proofread by Raymond Fitzpatrick
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Related coverage
Le Sports partners Chongqing FA
25 Feb 2016
Chairman of Wanda: Good news for Chinese football!
24 Jun 2015
08 Jun 2016
Anhui Litian FC acquired by Heilongjiang company
12 Jan 2016
Brandtix founder and CEO: the ambition of Chinese national game and the CSL is exciting
31 May 2016
More from Yutang Sports
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
Discover the SportAccord Summit sessions!
31 Jan 2024
SportAccord Media Partners will ensure global audiences are primed with latest news in sport
02 Mar 2024
SportAccord 2024 - sport as a ‘powerful, transformative tool’ under spotlight at CityAccord
29 Mar 2024
SportAccord calls for the power of sport to lead anti-abuse actions
17 Apr 2024
Yutang Sports
loading...