Deals
Chinese Investors Sue After $1 Billion Sports Deal Goes Bust
- Sports rights agency MP & Silva collapsed over unpaid debts
- Leeds United chairman is one of the defendants in legal suit
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A Chinese group that owned MP & Silva is suing the founders of the collapsed European sports rights firm after losing hundreds of millions of dollars.
The consortium, including state-owned Everbright Securities Co., filed a claim in the High Court in London, alleging commercial fraud, according to a legal filing. The document named MP & Silva founders, Andrea Radrizzani and Riccardo Silva, as defendants but provided no further information.