The Premier League has cancelled its £564 million (€633.1m) TV rights contract in China two years early, creating a major financial hole as football struggles to retain its revenues through the pandemic.

China was the English top flight’s most lucrative overseas television rights territory, with a three-season deal agreed in 2019.

The ending of the deal with the digital broadcaster PPTV, a division of the Chinese conglomerate Suning Holdings, for unpaid money owed under the contract, follows reports last month that the company had withheld a £160 milion instalment that was due in March.

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Tags: PPTV, premier league