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Hong Kong-Based Investors Complete Takeover Of Birmingham City, Value Club At $15M

Published in SportsBusiness Daily Global on 10 / 18 / 16

The new Chinese owners of League Championship side Birmingham City "have vowed to take the English club 'from strength to strength' after becoming the latest Asian group to invest in European football," according to Paul McClean of the FINANCIAL TIMES. Trillion Trophy Asia, a group controlled by Hon...

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Tags: Finance, United Kingdom, China

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LeEco New Title Sponsor Of Beijing Guoan

Chinese Internet company LeEco, previously known as LeTV, has agreed to pay 100M yuan ($15.2M) for the title sponsorship for the Beijing Guoan football team this year "in a strategic partnership that marks its expansion into sports club branding from smart TV and video content services," according t ...

Tags: Marketing and Sponsorship, China

Le Eco Scoops Rights To All FIFA Matches

Le Eco, the Chinese group formerly known as Le TV, "has picked up broadcast rights" in Hong Kong to the 2018 World Cup, according to Patrick Frater of VARIETY. But it is "not yet clear how the group will screen the matches in the territory." The group said that "it has acquired rights to all FIFA ma ...

Tags: Media, China

Shijiazhuang Ever Bright Sells Off 50% Stake

Chinese Super League side FC Shijiazhuang Ever Bright has sold a 50% stake to Hebei Hongsong, "an investment company that focuses on new energy," according to Chen Yaping of YUTANG SPORTS. The report "was based on the enterprise credit information of the club." The information "shows that the regist ...

Tags: Finance, China

CAA Extends Hospitality Business Into China

Creative Artists Agency "is expanding its hospitality and event business into China," according to Liz Mullen of SPORTSBUSINESS JOURNAL. CAA Premium Experience, the hospitality, event management and marketing division of the Hollywood agency, "signed a multiyear deal to partner with Beijing-based sp ...

Tags: Marketing and Sponsorship, China

Ali Sports Get Broadcasting Rights To NFL

Ali Sports, backed by Alibaba, announced that it reached an agreement with the NFL to broadcast its games "in the Chinese mainland for a period of one year," according to CRI. American football fans "can watch NFL games through video streaming website Youku, TV box Tianmao Mohe and other mobile plat ...

Tags: Media, China

MLB Signs Deal With Chinese Media Outfit

MLB last night announced a wide-ranging, three-year deal with Chinese media and technology outfit Le Sports that will bring live-streamed games to China for the first time. The deal, which was announced at the '16 CES in Las Vegas, arrived out of MLB’s int'l department and was spearheaded by S ...

Tags: Media, China

Wanda Buys Majority Stake In Legendary

A person familiar with the matter said that Chinese property and investment firm Dalian Wanda Group "has agreed to acquire a majority stake in Legendary Entertainment," valuing the U.S. movie studio company at between $3B and $4B, according to Liana Baker of REUTERS. The move represents Wanda's late ...

Tags: Finance, China, North America

China Planning To Bid For AFC Asian Cup

Chinese Football Federation said on Wednesday that "China is planning to bid to host the AFC Asian up 2023," according to XINHUA. The tournament will be held in June or July '23 "with a total of 51 matches through 30 days." Twenty-four teams "will be divided into six groups." The winners and ru ...

Tags: Events and Attractions, China

Chinese Teams Raid Korean Clubs For Talent

The South Korean football league "is the most successful in Asia," but a new end-of-season tradition "is developing in its place," according to John Duerden of the N.Y. TIMES. As soon as the last ball has been kicked, K-League clubs "are becoming increasingly accustomed to dealing with wealthy Chine ...

Tags: International Football, China

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

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