LeTV Sports was cancelled due to inability to pay and AFC

Reuters reported on the afternoon of 27th, Beijing time, according to people familiar with the matter, the AFC has terminated the four-year broadcast contract with LeTV Sports because LeTV Sports failed to pay the recently due amortization payment.

In October 2015, LeTV Sports announced the purchase of all media rights in the mainland of China for all events of the AFC in 2017-2020 for US$110 million. However, according to sources, the contract was cancelled last week.

The next round of the Asian Champions League will be held on Tuesday and Wednesday. The cancellation of the contract may affect the broadcast of the match between Shanghai Shanggang Group Football Club and West Sydney Rangers Football Club. LeTV Sports was cancelled due to inability to pay and AFC ring.

In December last year, LeTV Sports almost lost the right to broadcast the Premier League due to payment problems, and paid the final amount of 30 million US dollars in the Premier League 2016-2017 season at the last minute.

LeEco announced in January this year that it has received 15 billion yuan in financing from Sunac to support its continued operations.

Optical Window

Window Optical Lenses,Optical Lenses,Window Optical Lens,Calcium Fluoride Glass Window

Danyang Horse Optical Co., Ltd , https://www.dyhorseoptical.com

Posted on