MP & Silva’s Singapore operations are in limbo after its UK operations were allegedly dissolved by the UK High Court of Justice. According to sources, there has been no new business for its Singapore office since July this year. Meanwhile, managing director, Asia Pacific Wu Swee Sin also left his role in September after joining last year, according to his LinkedIn.
According to The Straits Times (ST), president and group CEO Seamus O’Brien is also understood to have departed the agency more than one month ago, along with other management-level employees. Majority of the agency (65%) is owned by Chinese companies Everbright and Baofeng.
This comes after the French Tennis Federation petitioned to have the sports marketing agency wound up in the UK because the agency allegedly defaulted on scheduled rights-fee payments of approximately SG$10.3 million to FFT since last June, according to multiple media reports including ST. Media reports also stated that Italian soccer league, Lega Serie A, also took the agency to court for nearly SG$61 million unpaid fees. Meanwhile, the Scottish Professional Football League and Arsenal have also cut ties with MP & Silva.
In 2015, the agency signed a six-year SG$25 million media rights contract with the Football Association of Singapore (FAS) and a SG$393 million deal with the Football Association of Malaysia (FAM). While the deal with FAM has been terminated, FAS is said to be in jeopardy of not obtaining the full SG$25 million as payments were allegedly halted since December 2017, ST reported. Among the list of cities MP & Silva are present in include Singapore, Beijing, Tokyo, Dubai New York, London and Paris.