CAF cancels billion-dollar contract with Lagardere Sports


CAPE TOWN (Reuters) - African football's ruling body has scrapped a $1 billion television and marketing rights deal with Lagardere Sports in the wake of separate judgments that it breached competition rules, but Lagardere said it would fight to enforce the contract.

The French-based company called the Confederation of African Football's (CAF) move "unlawful, unreasonable and unjustified" and said it would defend its agreement with CAF that runs from 2017 to 2028.

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