Menu
Finance

League One Side Northampton Town Investment 'Not The Coup It Seems'

League One side Northampton Town is the latest club in Britain to "come under Chinese control and it seems to be making a difference," according to Ian Herbert of the London DAILY MAIL. The club signed a loan striker from EPL side Burnley, paid Scottish Premiership side Rangers £100,000 ($132,100) for a midfielder and beat League Championship side Derby County in a preseason friendly. But selling 60% of the club to sports marketing firm 5USport is "not the coup it seems." The new owners paid around £6M ($7.9M) for the controlling stake, "some of which is likely to have been laid off to other investors." The firm's small offices in Guangzhou suggest it is a "minor player" and, like many of the modest Chinese companies looking to do modest int'l deals like this, it is now "likely" to go back to investors to "help finance player acquisition." Some analysts are "puzzled" by how a club as modest as Northampton will enable the buyers to "leverage substantially more investment." Blackbridge Cross Borders Chair Alexander Jarvis said, "They will go back to their investors and ask for more money, with the offer of bringing the team out to China on tour and other commercial incentives. But Northampton don't have the name." Salford University professor Simon Chadwick said that one of the motives for buying a club no one in China "will have heard of" is "the connection to the networks which Chinese businesses are looking for." Chadwick added, "To a business like this, once you are in, you are a club participating in FA competitions, you might pull a Manchester United in the FA Cup. There will be a route to football, football officials and celebrities in general" (DAILY MAIL, 7/29).

SBJ Morning Buzzcast: May 8, 2024

Start your morning with Buzzcast with Austin Karp: The NFL sets a date for its 2024 schedule release, while also dropping hints that it could soon approve private equity investment in teams; WNBA teams finally land charter flights; the F1 Miami Grand Prix delivers a record on TV; and Elevate lands in Happy Valley.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2017/08/01/Finance/Northampton-Town.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2017/08/01/Finance/Northampton-Town.aspx

CLOSE