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Labour Party Floats Levy On EPL TV Rights To Support Grassroots Football

Published in SportsBusiness Daily Global on 07 / 24 / 14

Britain's Labour Party has accused Premier League clubs of "not contributing enough to grassroots football and suggested that they may be compelled to pay a levy on revenue from television rights," according to Pickard & Blitz of the FINANCIAL TIMES. Shadow Culture Secretary Harriet Harman "is a...

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Tags: Media, United Kingdom

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01/29/13
NBA Plans Chinese New Year Celebration

The NBA will host its largest int'l tribute when NBA Chinese New Year Celebration 2013 tips off from Feb. 7-14. The league will usher in the Year of the Snake with a record 23 live games televised and streamed in China over eight consecutive days. Five NBA teams will host in-arena Chinese New Year ...

Tags: Media, China

01/28/13
Li Ning Shares Drop With Fundraising Plan

Chinese sportswear company Li Ning "sent its shares tumbling by revealing it needed to raise more money to complete a restructuring plan," according to Patti Waldmeir of the FINANCIAL TIMES. Its share price sank 14.7% on Friday after the company said that it plans to issue convertible securities worth up to HK$1.87B ($241M) to provide capital for restructuring and business development, "as it tries to reverse a two-year slide in its performance." The securities are convertible into one share at HK$3.50 ($0.45) each and "will be offered to shareholders for every two existing shares held."

Tags: Finance, China

01/23/13
Hebei Province Welcomes FC Transfer

China's Hebei province "welcomed its first second-division" football team in more than two decades when Shijiazhuang Yongchang Junhao FC announced its transfer from Fujian province to Shijiazhuang in Hebei, according to Tang Zhe of the CHINA DAILY. The team, formerly known as Fujian Junhao FC, finis ...

Tags: Franchises, China

01/17/13
Dalian Shide Makes Registration For CSL

Eight-time Chinese Super League champion Dalian Shide has to register for next season in order to keep its name in the league "despite financial problems following a failed acquisition," according to Gong Bing of XINHUA. Shide, "once the most accomplished club" in China's top football league, had no ...

Tags: International Football, China

01/16/13
ManU Agrees To Two China Sponsorships

ManU announced a pair of three-year sponsorship deals with companies based in China: soft drink manufacturer Wahaha and China Construction Bank. The deals are ManU’s first-ever in the soft drink and financial services categories. Wahaha, the largest beverage producer in China over the last 11 ...

Tags: Marketing and Sponsorship, China, United Kingdom

01/16/13
LPGA Adds Tournament In China

The LPGA has added a tournament in China to its '13 calendar. The Reignwood Pine Valley LPGA Classic will be held in Beijing and will kick off the Tour's fall Asian swing the first week of October. The $1.8M tournament will be organized by the LPGA, China Golf Association and China LPGA, with the ev ...

Tags: Events and Attractions, China

01/14/13
Hearn Sees Big Future In Table Tennis

Int'l sports promoter Barry Hearn "has challenged Hong Kong to become a major player in turning table tennis into a million-dollar glamour sport," according to Peter Simpson of the SOUTH CHINA MORNING POST. Hearn launched the World Championship of Ping Pong in London last weekend, aiming to make his ...

Tags: Events and Attractions, China

01/11/13
Hong Kong FA Puts Own Money On Line

Hong Kong FA officials are "putting their own money on the line," guaranteeing that next month's Lunar New Year Cup "will not lose money," according to Chan Kin-wa of the SOUTH CHINA MORNING POST. After a three-year break during which individual clubs ran the tournament, the HKFA has decided to "ret ...

Tags: Events and Attractions, China

01/09/13
Chinese Brands Regret Overexpansion

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01/03/13
Beckham's China Future Denied

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Tags: International Football, China, Middle East, Australia

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