Media rights company MP & Silva's (MPS) Singapore office is being wound up, in the same way as the insolvency of its London headquarters in October owing to millions of pounds of debt.At stake for the Football membership of Singapore is the recovery of just about $3 million in unpaid rights fees, as allowance of the $25 million, six-year exclusive rights concurrence in 2015 that was the governing body's biggest partnership.MPS' accounts have been frozen, its staff contracts terminated, and all the being assets at its Singapore headquarters just off Portsdown Avenue were auctioned off for some $22,000. It is understood FAS representatives were gift at a meeting for creditors upon Dec 12 at the office of PricewaterhouseCoopers, MPS' provisional liquidators, in a bid to recover the money.SEE TOP OF THE NEWS
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