Courts / Kerry / Report

Serie A agent secures freezing orders over alleged non-payment of rights money

Date
2018-10-16
Stage
Hearing Or Decision
Primary locality
Spa
County
Kerry

Summary

Infront Italy SPA, acting as an agent for the Serie A Professional Football League, obtained a High Court freezing order to prevent Media Partners & Silva Limited from reducing its assets below €18 million. The order arose from a dispute over payments for the international audiovisual rights to Serie A matches, which Media Partners & Silva had agreed to hold from the 2015‑16 to the 2017‑18 seasons for €4.68 million per season. Infront claimed that, as of June 2018, it was owed approximately €22 million, a debt acknowledged by the defendant's CEO. Media Partners & Silva had agreed to monthly payments of €5.5 million from September to December 2018, but none were made. The court granted the injunction ex‑parte on Tuesday, with a return hearing scheduled for the following week. The order aims to protect Infront's interests amid concerns that the defendant may dissipate assets or be insolvent.

Who, what, where, when and why

What: Report matter: Serie A agent secures freezing orders over alleged non-payment of rights money. Procedural stage: hearing_or_decision

When:

Places mentioned

Court Venue
  • High Court
  • London High Court
Secondary Mention
Residence

Topics

Stage Hearing Or Decision

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