Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Media reports said on Jan 25 that the contract signed by China Sports Media and the Chinese Football Association Super League Co., Ltd (CSL) would be amended.
The CSM had signed the broadcasting rights contract for 5 CSL seasons (2016-2020) for RMB 8 billion in October 2015. However, the CSM indicated in June 2017 that with the new policies introduced such as the U23 reforms and the adjustment fee regulations of local and foreign players, the operations and commercial value of CSL would be greatly influenced. Therefore, the CSM needed to re-negotiate with CSL.
After two weeks of re-negotiations, the CSL held an interim shareholders meeting on Jan 19, 2018, where the modification plans for the contract by CSM was passed. According to the plan, the contract would be extended to the year 2025 and the total fee which CSM should pay would become RMB11 billion.
As of now, the CSL has reportedly sent a request letter to three of CSM’s competitors. If none of them can come up with a plan equal to or better than the CSM offer, the modifications to the existing contract will be confirmed.
Source: Eastday
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
Official 2018 season CSL trading cards launched
30 Sep 2018
New youth football policy for CSL and China League One
14 Dec 2017
Report on CFA's separation from China's Sports Administration: (Ⅲ)
20 Aug 2015
Lifan is facing a possible dismissal
21 Jan 2015
CSL Company hosts shareholder conference and names new President
01 Mar 2018
More from Yutang Sports
SPORTACCORD 2024 INSIGHTS: Harnessing the Soft Power of Sport
13 May 2024
SportAccord 2024 - combating online abuse ‘chance for sport to show its power’
22 Mar 2024
Squash will be significantly boosted by LA28 inclusion
17 Apr 2024
SportAccord’s conversation with FEI President Ingmar De Vos: Equestrian sport’s road to Versailles
22 Apr 2024
Ingmar De Vos elected as the next ASOIF President
10 Apr 2024
Yutang Sports
loading...