Sports Flick confirm it will not be seeking to finalise its UEFA Champions League, UEFA Europa League, UEFA Europa Conference League bids for the 2021-24 seasons.
Sports Flick have been issued with a Bank Guarantee for the media rights by an Australian Financial Institution.
Sports Flick were contacted by UEFA representatives and given the opportunity to complete the media rights agreement yesterday.
In light of the current uncertainty in European Football, the Directors and Shareholders have made the decision not to proceed and provide the necessary contractual items to complete the deal at this time.
Commercial factors of the bid have to be considered, with the uncertainty with respect to the participation of certain clubs in European competition. In line with it’s fiduciary duties, Sports Flick’s directors cannot in good faith commit investor funds to securing the media rights.
Sports Flick will not make any further comment at this time.