Chinese company LeSports’ four-year contract to broadcast Asian Football Confederation (AFC) competitions was terminated by the continental governing body last week, because LeSports failed to pay an instalment on the deal, Reuters reported on Monday citing sources.
The agreement, signed in October 2015 between AFC and the Chinese technology giant LeEco, owner of LeSports, gave the company exclusive China broadcast rights to matches played under AFC auspices from 2017 to 2020, and was worth more than 100 million US dollars.
The contract covered the Asian Champions League, Asia's final round of qualifying for the 2018 World Cup finals and the Asian Cup from 2017 until 2020.
(With inputs from Reuters)
