EGX closes in green notes on June 12    Egypt's President Al-Sisi, Equatorial Guinea's Vice President discuss bilateral cooperation, regional Issues    European automakers shares skid on 'fear of retaliation' from EU tariffs on China EVs    Egypt aims to cut debt service by 30%, lower debt-to-GDP ratio to 80%: Maait    EFG Hermes advises on Saudi Aramco's $11bn secondary offering, EMEA's largest since 2019    Egypt's Higher Education Minister pledges deeper cooperation with BRICS at Kazan Summit    BRICS power emissions hit a record high in Q1    European stocks gain as investors await US inflation, Fed decision    US to widen sanctions on semiconductor sales to Russia    Gaza death toll rises to 37,164, injuries hit 84,832 amid ongoing Israeli attacks    New Development Bank pledges support for Egypt's development goals    Egypt's Water Research, Space Agencies join forces to tackle water challenges    Egypt hosts first New Development Bank international forum in New Administrative Capital    New Zealand excludes farming from carbon pricing plan    Egypt supports development of continental dialogue platform for innovative health sector financing in Africa: Finance Minister    BRICS Skate Cup: Skateboarders from Egypt, 22 nations gather in Russia    Pharaohs Edge Out Burkina Faso in World Cup qualifiers Thriller    Egypt's EDA, Zambia sign collaboration pact    Madinaty Sports Club hosts successful 4th Qadya MMA Championship    Amwal Al Ghad Awards 2024 announces Entrepreneurs of the Year    Egyptian President asks Madbouly to form new government, outlines priorities    Egypt's President assigns Madbouly to form new government    Egypt and Tanzania discuss water cooperation    Grand Egyptian Museum opening: Madbouly reviews final preparations    Madinaty's inaugural Skydiving event boosts sports tourism appeal    Tunisia's President Saied reshuffles cabinet amidst political tension    Instagram Celebrates African Women in 'Made by Africa, Loved by the World' 2024 Campaign    Egypt to build 58 hospitals by '25    Swiss freeze on Russian assets dwindles to $6.36b in '23    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egyptian Competition Authority refers CAF president to general prosecution
Published in Daily News Egypt on 04 - 01 - 2017

The Egyptian Competition Authority (ECA) decided Tuesday to refer the president of the Confederation of African Football (CAF), Issa Hayatou, to the general prosecution after it claimed to have proven that Hayatou violated the Protection of Competition Act.
The authority has claimed in a statement that Hayato had abused his position in regards to the issuance of broadcasting rights for football championships. The president of the CAF has the sole authority to commercially utilise these rights.
ECA claimed Hayato gave the broadcasting rights to Lagardère Sports agency for 12 years, starting from 2017 until 2028.The issue comes from the fact that he did not offer the broadcasting rights to any other company through a fair competitive process. CAF gave the same rights to Lagardère Sports in 2006 until 2016, meaning the agency had acquired the exclusive rights in two consecutive periods.
An anonymous source in the ECA told Daily News Egypt that Lagardère Sports was offered the rights of terrestrial and satellite broadcasting through television and internet streaming. The rights included not only Egypt and Africa, but the whole world. Because Egypt is one of the countries where the broadcasting rights apply, the authority has the right to refer the CAF's president to the prosecution.
The ECA said that their investigations prove that the CAF agreed with the agency as far back as 2015 to provide it with the broadcasting rights, which would start in 2017. In other words the authority claims the CAF agreed with the agency to provide it these rights a year and a half before the expiration of the rights, which they already had.
The ECA has also claimed it has proven that Hayato intentionally ignored several requests by other companies to acquire these rights through a public auction committed to the regulations of fair competition and transparency between competitors.
Commenting on the rumours that the CAF may relocate its headquarters outside Egypt, the ECA said that by CAF's own regulations at least 75% of the 56 member countries of the CAF general assembly must vote in favour for that to happen.
The ECA said it will address all authorities concerned in Egypt in order to guarantee that the CAF abides by its decision, and to repair the serious damage done to the economy as a result of Hayatou's decision.
The ECA also referred beIN SPORTS to the general prosecution, for misusing its dominant position in the Egyptian market.


Clic here to read the story from its source.