The Confederation of African Football (Caf) has won its legal battle with French company Lagardere Sports after cancelling a $1 billion television and marketing rights deal in November.
After Caf’s decision last month, the French-based company vowed to fight the continent’s football governing body claiming its decision was "unlawful, unreasonable and unjustified".
The agreement between both parties was originally meant to run from 2017 to 2028, and Lagardere wanted Caf to honour the contract.
Editors' Picks
However, the International Chamber of Commerce rejected the European company’s application for emergency measures on Saturday.
“Lagardere Sports alleged that Caf had unlawfully terminated this contract and asked, among other things, that Caf be required to immediately reinstate the contract,” Caf said in a statement.