SBD Global/August 23, 2017/Finance

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  • Chinese Super League Plans Foray Into Online Football Games

    The Chinese Super League signed a deal with a local developer to produce online football games "in its first foray into gaming as it searches for new sources of revenue," according to Li & Goh of REUTERS. The CSL signed a six-year partnership with Beijing-based developer Crazy Sports to develop football-related games "based on 16 CSL teams and the league" through '22. CSL clubs have recruited "global stars" such as Carlos Tevez, Oscar and Hulk in recent months. In June, EA "poured cold water on rumors" that the CSL would be featured in FIFA 18. Crazy Sports said that the CSL deal, which would give it non-exclusive rights, was worth more than 100M yuan ($15M). Crazy Sports CEO Peng Xitao said that the streaming revenue from the CSL-themed games could reach 1B yuan ($150.2M) in '20. The games' content will be made accessible to overseas gamers "through European gaming partners From the Bench and Soccer Manager." Crazy Sports, which also previously ran an online lottery platform, said that it "hoped to convert its over 100 million sports lottery users to play the CSL games" (REUTERS, 8/22).

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  • European Golfers Experience Large Gender Pay Gap

    The outcome of the Solheim Cup "was not really in doubt" from the moment Europe was whitewashed in Friday's fourballs, according to Derek Lawrenson of the London DAILY MAIL. But golf's female players "languish largely in the wilderness while their tennis equivalent enjoy equal status with the men." Nowhere is this "more apparent" than in Europe, "where many of the players have to take on a second job to fuel their passion and where the tour has all but collapsed this year." The 30th-ranked woman has so far made a "princely" £19,200 ($24,600) compared to the £664,000 ($851,300) "made by the same player on the men's circuit." Anyone involved in golf "should feel embarrassed by that large a pay gap." There is talk of European Tour CEO Keith Pelley "extending a helping hand" along with LPGA Commissioner Mike Whan. That is a "good start but if truth be told it is time everyone got involved, starting with the cash-rich R&A and working on down." There are "tens of millions of pounds being spent on professional golf in Europe and far more needs to be directed at the women's game" (DAILY MAIL, 8/21).

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