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China Sports Expects To Reach $1.1T

The Chinese sports sector is expected to expand to 7T yuan ($1.1T) by '25, "2 trillion more than the central government's 5 trillion target," according to He Lanying of YUTANG SPORTS. That is according to the local governments, after they reported their goals for their sports sectors. Earlier this m ...

Tags: Finance, China

Team Effort Key To Populous' Winning Bid

Populous' global collaboration between its North American and Australian firms delivered the winning bid to design Korean Baseball Organization club NC Dinos' proposed $100M ballpark. When the city of Changwon, South Korea, brought the architecture firm on board to create a new home for the club, it ...

Tags: Facilities, Asia

Toyoda Resigns From Tokyo 2020

Preparations for the Tokyo 2020 Olympics "sank deeper into trouble on Monday when the president of Toyota abruptly stepped down" from the Games’ main organizing committee, according to Leo Lewis of the FINANCIAL TIMES. The resignation of Akio Toyoda, whose company has "taken an unprecedented" ...

Tags: Olympics, Japan

Mark Hammett Named Sunwolves Coach

New Zealander Mark Hammett "was confirmed as the inaugural coach of Japan's new Super Rugby team the Sunwolves on Monday," according to Nick Mulvenney of REUTERS. The former All Blacks player, who had four seasons in charge at the Wellington Hurricanes, "also revealed the Tokyo and Singapore-based t ...

Tags: Franchises, Japan

Chinese FA Chief Unveils World Cup Vision

Chinese FA President Cai Zhenhua "unveiled an ambitious plan" for China's national football team that he said "would make the team a consistent World Cup contender in two decades, and crack the global top 30 regularly," according to Sun Xiaochen of XINHUA. His solution: "management reform and league ...

Tags: International Football, China

Tokyo 2020 Facing Budget Increase

Japanese public broadcaster NHK said that the 2020 Tokyo Olympics will cost the organizing committee "six times than their original estimate," and come in at around 1.8T yen ($14.9B), according to Junko Fujita of REUTERS. The cost blow out "was caused by unexpected payments for building lanes ...

Tags: Olympics, Japan

Coal India Inks $2M Deal With HIL

Coal India "will be the title sponsor of Hockey India League 2016," according to Subhro Niyogi of the TIMES OF INDIA. The '17 and '18 editions of the tournament "may also be called Coal India-Hockey League if the CIL board gives its nod." The state-owned coal firm signed a multi-crore deal with Hock ...

Tags: Marketing and Sponsorship, India

Asia Sports Venture Sues Former COO

Asia Sports Venture, a subsidiary of Malaysian TV company Astro Group, claimed that its former COO misappropriated RM 45,000 ($10,493) and "failed to act in the interests of the firm," according to Siau Ming En of TODAY. Documents filed with the courts showed that ASV claims that Venu Ganesh Naidu R ...

Tags: Media, Asia

Haryanto Seeking $16M To Realize F1 Dream

Indonesian Rio Haryanto needs to raise €15M ($16.3M) to realize his dream of racing in F1 "with the Manor Marussia team next season," according to Alan Baldwin of REUTERS. The Jakarta Post reported that Youth & Sports Minister Imam Nahrawi "was lobbying businesses and state-owned enterprise ...

Tags: Asia, Finance

Le Sports Applies 'Aggressive' Approach

After "an aggressive and bold move by acquiring the broadcast rights to over 200 blue-ribbon sports events," Le Sports has now been defined by many Chinese media as "Unicorn" company, but Le Sports CEO Lei Zhenjian said that the company "is just a startup with the entrepreneurship to challenge and e ...

Tags: Media, China

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