Wolves Rumours 16892

 

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03 Sep 2020 14:31:07
The Premier League has terminated its £564m contract with its Chinese licensee with immediate effect.

China was the English top flight's most lucrative overseas television rights territory, with a three-season deal agreed in 2019.

It is understood the reasons for the termination are financial rather than political.

BBC Sport has been told streaming service PPTV withheld its latest payment of £160m, due in March.

I wonder what impact this will have on Wolves?

{Ed002's Note - They never paid what was due.}

Agree0 Disagree0

03 Sep 2020 15:16:23
This has been rumbling on in press for a while Debbie. Maybe another Chinese company will step in and buy the rights, it's one big market. Prem is very popular in China it would be a surprise if no one snaps them up.

03 Sep 2020 15:36:21
Ed002 - I mean in terms of exposure in China, Fosun did say they strategically bought Wolves in terms of the symbolism of the Wolf in China. Couple that with Wolves Mega Store in Shanghai, China is clearly a market Fosun want as much exposure as possible to sell Wolves as a brand. So no T. V exposure may hamper that.

{Ed002's Note - The Premier League will relet the contract.}

03 Sep 2020 16:09:00
If the new contract buyers have no Chinese influence that will be the end of Fosun and Wolves. They need to start considering selling to new owners now. Its apparent Nuno has no intention of staying and equally no players coming in. Three steps forward ten steps back. The dream is over.

{Ed002's Note - What? The contract is for broadcasting in China.}

03 Sep 2020 16:28:29
Fosun are a world wide investment company, so their risk is spread, it is not linked solely to 1 market. There will be few investors for the Chinese TV rights at current prices, so all Prem clubs can expect a drop in earnings over the next few years. However, Fosun may well be looking at the TV rights themselves.

03 Sep 2020 17:32:16
Wimbornewolf agreed Fosun are worldwide and the TV rights will get snapped up in China, maybe not for the same money. I see Guo's wife owns Grasshoppers (probably not news to most but was to me! ) . Clearly as a group they are in for the long haul. Lots of companies are having to reassess spending Wolves will be no different. Hopefully after they've bought 2 or 3 first team players!

03 Sep 2020 18:19:01
Sq- what are you even on about fella?! You realise that this is between the Prem and (is it) PPTV?! It has literally NOTHING to do with us directly, save the extra few quid the deal would have bought in for all Prem clubs. Your losing it on here fella, stop seeing four horseman around every corner eh?! If nothing else it's seriously boring! 👍.





 

 

 
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