LONDON, April 01, 2026 (GLOBE NEWSWIRE) -- The English High Court has granted a comprehensive victory to Riccardo Silva and Marco Auletta in the dispute with Chinese group Everbright over the sale of MPS (MP & Silva) in 2016.
In a judgement delivered on March 31, 2026, the High Court of Justice dismissed in full the Chinese group's claims for damages, finding no wrongdoing or responsibility on the part of the former shareholders.
The case stemmed from Everbright's acquisition of a 65% stake in MPS completed in 2016 through its subsidiary Jinxin Inc. At the time, the London-based MPS group was regarded as a global leader in the distribution of sports television rights.
After just two years under new ownership, the Chinese group decided to shut the business down in 2018 and initiated legal proceedings before the High Court against MPS's selling shareholders, seeking rescission of the sale and damages based on alleged misrepresentations during the transaction. After an exhaustive 12-week trial, the Court has now dismissed all these claims in their entirety.
The judgment concludes that Everbright's claims were entirely unfounded and provides a comprehensive victory for the former MPS's shareholders at the time of the sale, with the Judge establishing that the Chinese buyers did not understand the business they were acquiring.
MP & Silva lawyers affirm "Enyo Law are delighted that, after an exhaustive 12-week trial in the English High Court, the claims brought against Riccardo Silva and Marco Auletta by Jinxin Inc, in relation to its purchase of 65% of the MPS business in 2016, have been dismissed in their entirety.
The judgment provides a strong and comprehensive victory for Riccardo Silva and Marco Auletta, with the Judge commenting that he had the clear sense that Jinxin Inc did not understand the business that it was buying."
For more information:
Press Office LaPresse - ufficio.stampa@lapresse.it
