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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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Eastern Becomes HK's First Pro Team

Newly crowned A2 division champion Eastern is "set to shake up the local basketball scene" by devoting HK$10M ($1.3M) to become the first professional team in Hong Kong, according to Chan Kin-wa of the SOUTH CHINA MORNING POST. Unbeaten in the league this season, Eastern, which also has a footb ...

Tags: Leagues and Governing Bodies, China

Chinese FA Teams Up With 58.com

The Chinese FA signed a deal with 58.com to "become the title sponsor of China League One, the second division of football league in China," according to YUTANG SPORTS. The partnership will see 58.com, China’s largest classified site, "add its name to China’s second-tier football league, ...

Tags: Marketing and Sponsorship, China

Beijing Says Probe Will Not Affect Bid

A spokesperson said that a corruption investigation into a deputy Chinese sports minister who had sat on the country's Olympic committee "will not impact Beijing's bid for the 2022 Winter Olympics," according to Ben Blanchard of REUTERS. The Communist Party's anti-graft watchdog, the Central Commiss ...

Tags: Olympics, China

Fude Holdings Invests In Yanbian FC

Yanbian Changbaishan FC, a team from the Jia League, China's second tier, has "signed a four-year sponsorship deal with life insurance company Fude Holdings" worth CNY80M ($12.9M), according to SOCCEREX. Fude will invest CNY20M ($3.2M) a year into the Yanji-based club, contributing to the establishm ...

Tags: Marketing and Sponsorship, China

Hui Regains Command Of Evergrande Taobao

Evergrande Real Estate Group Ltd. Chair Hui Ka-yan has "taken control" of Chinese Super League side Guangzhou Evergrande Taobao after pumping 400M yuan ($64.42M) cash into the club, according to the HONG KONG ECONOMIC JOURNAL. Hui "boosted" his stake to 60%, leaving joint-venture partner A ...

Tags: Franchises, China

HKFA To Receive $13M Jockey Club Boost

The Hong Kong Jockey Club is set to inject HK$100M ($12.9M) as part of the FA's new five-year plan, but professional clubs "won't get a slice of the pie," according to Chan Kin-wa of the SOUTH CHINA MORNING POST. Local football is about to "receive a hefty cash injection to help implement" the ...

Tags: Finance, China

Chinese Women's Team Receives Bonus

China will "reward its women's football team with the 'highest ever' bonus" after qualifying for the quarterfinals of the World Cup in Canada, according to Nimfa May Idea of YIBADA. Chinese FA VP Yu Hongchen said that the players will "receive a whopping" 1M yuan ($160,000). The move was "created to ...

Tags: International Football, China

HKFA Fights For More Tickets To Qualifier

Hong Kong "will fight for a bigger-than-normal away ticket allocation for their much-anticipated ‘local derby’ against China" in a World Cup qualifier in Shenzhen in September, according to Chan Kin-wa of the SOUTH CHINA MORNING POST. Both of Hong Kong’s opening group C qualifying ...

Tags: Events and Attractions, China

Euroleague Unveils Partnership In China

Euroleague Basketball and HBN announced an agreement worth more than €30M ($34M) "for its aggregate duration" to form a brand new company in China that "will manage the rights of Europe's premier professional basketball league and further grow its commercial opportunities in Asia's biggest mar ...

Tags: Europe, China

Beijing: Serious About Anti-Discrimination

A senior official said that Beijing "takes seriously the Olympics anti-discrimination pledge it has signed in its bid to host the 2022 Winter Games" but denied knowledge of a recent crackdown on a prominent anti-discrimination group, according to Adam Rose of REUTERS. The IOC said last year that "i ...

Tags: Olympics, China

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