FFT case for MP & Silva winding up order adjourned for a week: Report

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French Tennis Association’s petition for a winding-up order of the sports management and media rights company MP & Silva has been adjourned till October 17 by the High Court of Justice.

The French Tennis Association – The Fédération Française de Tennis – has moved a petition for the winding up of the MP & Silva agency. Sportsbusiness.com has reported that the court had adjourned the case for a week.

The federation has claimed that MP & Silva owes it more than £5m (€5.7m/$6.6m). The agency, which is majority-owned by Chinese companies Everbright and Baofeng, has two supporting creditors.

No representatives from MP & Silva were present at the hearing. The agency had sent a letter to the FFT, via legal firm Norton Rose Fulbright, to say it opposed the winding up order. The judge adjourned the case for one week, until October 17.

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In 2011, MP & Silva agreed a five-year deal, from 2012 to 2016, with the FFT to distribute media rights to its flagship French Open grand slam across Europe, excluding France. The deal was later extended by a year, until 2017. The two parties in 2013 extended the agreement for a further four years, from 2018 until 2021.

MP & Silva has defaulted on payments to multiple rights-holders, as reported exclusively by TV Sports Markets in June.

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