A petition by the French tennis federation for the winding up of the MP & Silva agency will be heard at 10.30am on Wednesday, October 10, in the UK’s High Court in London. The hearing could spell the end of the troubled agency.
The Fédération Française de Tennis is one of many rights-holders owed money by the agency, which began defaulting on payments in June, as reported exclusively by TV Sports Markets. MP & Silva is majority-owned by Chinese companies Everbright and Baofeng.
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.
The FFT lodged the petition on August 24 after the agency had missed scheduled rights-fee payments. The case will be heard under the UK’s Insolvency Act of 1986.
Details of the hearing were published in The Gazette, the UK’s official public record of company information, on September 26.