MP & Silva

MP & Silva Limited
Industry Media rights management
Founded 2004
Founder Riccardo Silva
Headquarters London, England
Area served
 Worldwide
Owner Everbright Securities and Beijing Baofeng Technology (65%)
Website mpsilva.com

MP & Silva Limited is an international sports marketing and media rights firm based in London. Founded by Italian businessman Riccardo Silva, the company is primarily involved in the international sales of media and broadcast rights for sporting events.[1][2][3]

A majority stake in the company was acquired by two Chinese firms in 2016.

History

MP & Silva began in 2004 with the acquisition of the global rights distribution of selected Italian Serie A football teams.[4] In 2006, the company acquired the rights for the majority of Serie A teams. The first headquarters office opened in Singapore in 2007. By 2009, the company's portfolio principally consisted of media rights of European football leagues being distributed to Asian TV broadcasters. In 2010, MP & Silva headquarters moved to London where they started working with Arsenal. The company acquired Pan-European rights for Roland Garros, the French Tennis Open in 2011.[5]

In 2013, MP & Silva secured thePremier League's broadcast rights in 51 territories, this gave MP & Silva the biggest portfolio of contracts in its sector. The agency also bought Formula One rights to MENA and some selected European countries.[6][7][8]

On 20 July 2014 MP & Silva abruptly terminated the broadcast contract with CPBL to distribute Taiwan's professional baseball games in the local media, citing a breach of contract by the league. However, the company did not go into detail what terms of the 6-year, NT$2.04 billion contract – signed just at the beginning of 2014 – were breached. CPBL, in response to the surprise move, maintained that it has not breached any of the terms in the contract and demanded the company to provide an open and clearer explanation of what it called an "ambiguous and unilaterally issued" press statement.[9]

At the beginning of 2015, the company announced its expansion in the United States market[10] and its acquisition of European rights to the National Football League.[11]

In May 2016, Chinese companies Everbright Securities and Beijing Baofeng Technology bought a majority 65% stake of MP & Silva. The purchase was made through a strategic partnership, the Shanghai Jin Xin investment fund.[12]

The company began to face significant struggles under the Chinese majority ownership. In July 2018, it was reported that the company had missed rights payments to entities such as the Premier League (where it held rights in the Asia-Pacific region) and Scottish Professional Football League. Both entities cut their ties with MP & Silva. On 27 July 2018, the Serie A sued MP & Silva over nearly €38 million in unpaid fees.[13] Arsenal F.C. and the International Handball Federation also terminated its contracts with MP & Silva. The French Tennis Federation—organizer of the French Open, has petitioned in the High Court of Justice for the winding up on MP & Silva under the Insolvency Act 1986.[14][15][16][17][18][19]

References

  1. ↑ "The big interview – MP & Silva". Sports Industry Groups. Archived from the original on 12 November 2012.
  2. ↑ "Italian volleyball 'breaks a stunning record' with MP & Silva". SportsPro.
  3. ↑ "Media Company MP & Silva Puts Sports on YouTube With Rightster". Bloomberg.
  4. ↑ Panja, Tariq (28 November 2011). "MP & Silva Renews Serie A Overseas Media Rights for 3 Seasons – Bloomberg Business". Bloomberg L.P. Retrieved 8 April 2015.
  5. ↑ "MP & Silva win European broadcast distribution rights for French Open from EBU". Insidethegames.biz. 12 June 2011. Retrieved 8 April 2015.
  6. ↑ "Motor racing-Formula One secures TV rights deal for Middle East". Reuters. 19 December 2013.
  7. ↑ "MP & Silva assumes dominant position in agency market with new Premier League deal". Goal.com. 19 February 2013. Retrieved 8 April 2015.
  8. ↑ "Premier League sells Middle East and Africa TV rights". BBC News. 31 January 2013.
  9. ↑ MP & Silva ends CPBL distribution contract
  10. ↑ "02/23/15: MP & Silva set sights on US marketCynopsis Media". Cynopsis.com. 23 February 2015. Retrieved 8 April 2015.
  11. ↑ "MP & Silva to distribute NFL rights in Europe next five seasons | Sport". The Guardian. Associated Press. Retrieved 8 April 2015.
  12. ↑ "Baofeng and Everbright establish partnership with MP & Silva to drive growth – MP & Silva". www.mpsilva.com. Retrieved 2018-06-19.
  13. ↑ "Exclusive: Serie A takes MP & Silva to court for €38m in unpaid rights fees". SportBusiness Group. 2018-07-27. Retrieved 2018-10-10.
  14. ↑ "SPFL tears up broadcast agreement, claiming a default in payments". BBC Sport. 2018-08-13. Retrieved 2018-10-10.
  15. ↑ "SPFL agree international rights deal with Infront after termination of MP and Silva deal". BBC Sport. 2018-08-31. Retrieved 2018-10-10.
  16. ↑ "Is China-owned MP & Silva about to become the biggest fail in sports marketing history?". South China Morning Post. Retrieved 2018-10-10.
  17. ↑ "MP & Silva in 'state of paralysis' after missing rights payments". SportsPro. Retrieved 2018-10-10.
  18. ↑ "MP & Silva dealt further blow as IHF terminates contract". SportsPro. Retrieved 2018-10-10.
  19. ↑ "MP & Silva heads to High Court as FFT issues winding-up petition". SportsPro. Retrieved 2018-10-10.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.