Brazilian aquatics federation ‘in legal bid’ over Globo’s suspended rights payments

0

The Brazilian Confederation of Water Sports (CBDA) is set to take legal action against Globo after the commercial broadcaster suspended its rights deal with the body.

Globo last week informed the CBDA of its intention to end rights payments to the body amid the suspension of sport due to the Covid-19 outbreak.

The CBDA said the suspension of the April payment directly affected its cash flow forecast for the end of the month. The federation said it only received notification of the suspension the day before the payment was due.

Legal action has now been initiated by the CBDA, according to Brazilian news outlet UOL.

Read SportBusiness

About Author

Production engineer and certified swim coach. Full-time IT consultant, spare-time swimming aficionado. 2 sons, 2 daughters and a wife. President of the Faroe Islands Swimming Association. Likes to run :-)

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: