Friday, February 26, 2021 / 01:47 PM / ByBroadcast Media Africa / Header Image Credit: EcoGraphics

GlobalDataSport, a data and intelligence services platform, has revealed that StarTimes,the Chinese-owned Pay-TV operator with tentacles across Africa, is at"serious risk" of receiving a court-mandated "winding-up"order after it has "repeatedly failed to pay" for sports rights tothe BeIn Media Group concerning the French football Ligue1.

Accordingto GlobalData Sport's reporting, StarTimes is as at present owing upwards of US$11million (including accrued interest) to BeIn Media Group - based oninformation gleaned from the court petition filed by the media group. TheGlobalData Sport report also suggested that both StarTimes and BeIn Media Grouphad gone through several arbitration levels to resolve their issues. Still, itis alleged that StarTimes has continued to renege to payment agreements reached- always citing "tough economic climate in Africa".

BeInMedia Group has decided it has no option other than to petition the Courts toinitiate a wind-up of StarTimes unless it pays its debt because the media groupis irked that whilst it is not being paid, StarTimes has kept announcing theacquisition of more sports rights acquisitions in the past year.

GlobalDataSport quotes a source close to the legal proceedings told as saying: "Itshould be of huge concern to the industry that an entity facing winding-upproceedings is, in the same breath, parading around the world signing dealswith much fanfare. We've seen this kind of conduct before, and it only endsbadly for rights-holders and the industry."

Credit:

The post StarTimes Facing A"Winding-Up Court Order" For Rights Debts - According To Reports first appeared in Broadcast MediaAfrica on February 25, 2021.

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