Exhibit 4.67
 EXECUTION COPY
 REGISTRATION RIGHTS AGREEMENT
 Agreement Company Schedule 1 Investor Parties
 W I T N E S S E T H
 Preferred Shares Purchase
Agreement
 ADS
    ARTICLE I
 Definitions
 A Common Shares
 Action




---



##### 



ADS
 B Common Shares
 Board of Directors
 Business Day
 Company
 Company Indemnified Persons
 Deposit Agreement
 Depositary
 Designated Offshore Securities Market
 Equity Securities
 Exchange Act
 Governmental Authority
  2




---



##### 



Holder Indemnified Persons
 Hong Kong
 Indemnitee
 Indemnitor
 Investors
 Investor Common Shares
 Losses
 NuCom Registration Rights Agreement
 Parity Registrable Securities
 Parity Registrable Securities Holder
 Parties
 Patriarch Investor and Registration Rights Agreement
 Patriarch Investor Rights Agreement
 Permitted Parity Preferred Shares
  3




---



##### 



Person
 Potential Material Event
 Preferred Shares Purchase Agreement
 Prior Agreements
 Register registered registration
 Registrable Securities provided however provided further
 Registrable Securities Holder
 Registration Expenses
  4




---



##### 



Registration Statement
 Regulation
 Rule 144
 SEC
 Securities
 Securities Act
 Selling Expenses
 Selling Holders
 Series B Authorizing Resolution
 Series B Preferred Shares
  5




---



##### 



Series C Preferred Shares
 Transfer
 USD Dollars US$
 Violation
 XFL
 Yucaipa Registration Rights Agreement
 Interpretation.
 Headings
 Usage
 ARTICLE II
 Piggyback Registration
 Company Registration
  6




---



##### 



Underwritten Offerings
       7




---



##### 



Expenses of Registration
 Further Obligations of the Company
 Registration of ADS
 Filing of Amendments and Supplements
 Copies of Documents
 Opinion and Comfort Letter
  8




---



##### 



Blue Sky Qualification
 Notification of Certain Events
 SEC Stop Orders
 Potential Material Event
  9




---



##### 



Listing Requirements
 Certificate Preparation
 Underwriting Agreement
 Section 11 Information
  10




---



##### 



Other Action
 Information from Holder
 Preparation; Reasonable Investigation; Review by Counsel
   Indemnification
 Indemnification by the Company
 Indemnification Holder Indemnified Persons Losses Violation
  11




---



##### 



Limitations on Indemnification
   Indemnification by the Registrable Securities Holders
 Indemnification Company Indemnified Persons
 Limitations on Indemnification
   12




---



##### 



Indemnification Mechanics Indemnitee Indemnitor
 Contribution
  13




---



##### 



No Inconsistent Underwriting Agreements
 Transfer of Registration Rights provided
 Registration in Non-U.S. Jurisdictions
 ARTICLE III
 Notices
  14




---



##### 



St
   th
  th
  th
   15




---



##### 



th
  
 Counterparts
 Modification or Amendment of Agreement
 Successors and Assigns
 Governing Law
 Waiver of Jury
 Integration
  16




---



##### 



Severability
 Ambiguities
 Further Assurances
 No Third-Party Rights
 No Waiver; Remedies
 Submission to Jurisdiction
 [SIGNATURE PAGE FOLLOWS]
  17




---



##### 



COMPANY:
    
    XINHUA SPORTS & ENTERTAINMENT LIMITEDBy:
    
    /s/ Graham Anton EarnshawName:
    
    Graham Anton EarnshawTitle:
    
    Director




---



##### 



INVESTORS:
    
    ZOHAR CDO 2003-1, LIMITEDBy:
    
    Patriarch Partners VIII, LLC,its Collateral ManagerBy:
    
    /s/ Lynn TiltonName:
    
    Lynn TiltonTitle:
    
    ManagerZOHAR II 2005-1, LIMITEDBy:
    
    Patriarch Partners XVI, LLC,its Collateral ManagerBy:
    
    /s/ Lynn TiltonName:
    
    Lynn TiltonTitle:
    
    Manager




---



##### 



Name of Investors
    
    Number of Shares to be purchasedZOHAR CDO 2003-1, LIMITED
    
    
    41,992ZOHAR II 2005-1, LIMITED
    
    
    36,303